Fifth Third Bancorp Sells 17,188 Shares of Honeywell International Inc. (NASDAQ:HON)

Fifth Third Bancorp reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 514,857 shares of the conglomerate's stock after selling 17,188 shares during the quarter. Fifth Third Bancorp owned approximately 0.08% of Honeywell International worth $109,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Mainstream Capital Management LLC purchased a new position in Honeywell International during the fourth quarter worth about $25,000. Avalon Trust Co lifted its stake in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Honeywell International during the fourth quarter worth about $29,000. Accredited Wealth Management LLC bought a new stake in Honeywell International during the fourth quarter worth about $34,000. Finally, Curio Wealth LLC bought a new stake in Honeywell International during the fourth quarter worth about $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the subject of several research analyst reports. Barclays dropped their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Royal Bank of Canada lifted their price target on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $248.14.

Honeywell International Stock Up 0.1%

Shares of NASDAQ:HON traded up $0.23 during trading on Thursday, hitting $226.05. The stock had a trading volume of 1,598,692 shares, compared to its average volume of 3,816,462. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a market capitalization of $145.28 billion, a PE ratio of 25.95, a PEG ratio of 2.51 and a beta of 1.08. The firm's fifty day moving average is $211.75 and its 200 day moving average is $216.20. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter last year, the company earned $2.25 EPS. The firm's revenue for the quarter was up 7.9% on a year-over-year basis. Analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Honeywell International Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.