First Financial Bank Trust Division Trims Stake in Honeywell International Inc. (NASDAQ:HON)

First Financial Bank Trust Division lessened its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 10.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,663 shares of the conglomerate's stock after selling 4,540 shares during the period. First Financial Bank Trust Division's holdings in Honeywell International were worth $8,187,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HON. Capital World Investors purchased a new stake in shares of Honeywell International during the fourth quarter worth $1,594,216,000. Raymond James Financial Inc. bought a new stake in Honeywell International during the 4th quarter worth approximately $435,786,000. ING Groep NV lifted its stake in Honeywell International by 884.0% in the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after purchasing an additional 1,574,376 shares in the last quarter. Cibc World Markets Corp boosted its holdings in Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC bought a new position in shares of Honeywell International in the fourth quarter worth $155,407,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ:HON traded down $2.23 during mid-day trading on Monday, hitting $224.44. 775,987 shares of the company traded hands, compared to its average volume of 3,819,069. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market cap of $144.24 billion, a price-to-earnings ratio of 25.76, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The stock's fifty day moving average price is $208.99 and its 200-day moving average price is $216.10.

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

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.01%. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Morgan Stanley lifted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Royal Bank of Canada lifted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Finally, Mizuho boosted their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $245.57.

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.