First Horizon Advisors Inc. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

First Horizon Advisors Inc. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,255 shares of the conglomerate's stock after selling 3,958 shares during the period. First Horizon Advisors Inc.'s holdings in Honeywell International were worth $12,336,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Revisor Wealth Management LLC bought a new position in shares of Honeywell International in the first quarter worth approximately $245,000. Strategic Financial Concepts LLC boosted its holdings in Honeywell International by 13.8% in the first quarter. Strategic Financial Concepts LLC now owns 1,205 shares of the conglomerate's stock valued at $255,000 after acquiring an additional 146 shares in the last quarter. Private Trust Co. NA boosted its holdings in Honeywell International by 9.9% in the first quarter. Private Trust Co. NA now owns 12,703 shares of the conglomerate's stock valued at $2,690,000 after acquiring an additional 1,142 shares in the last quarter. Pinnacle Financial Partners Inc boosted its holdings in Honeywell International by 0.9% in the first quarter. Pinnacle Financial Partners Inc now owns 141,683 shares of the conglomerate's stock valued at $31,541,000 after acquiring an additional 1,315 shares in the last quarter. Finally, Fiduciary Group LLC boosted its holdings in Honeywell International by 2.1% in the first quarter. Fiduciary Group LLC now owns 30,457 shares of the conglomerate's stock valued at $6,449,000 after acquiring an additional 620 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Barclays boosted their target price on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Wells Fargo & Company boosted their target price on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday. Mizuho boosted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Finally, Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. 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. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $250.29.

Honeywell International Stock Up 0.5%

Shares of HON traded up $1.26 during trading hours on Friday, hitting $240.52. The company had a trading volume of 1,903,189 shares, compared to its average volume of 3,853,027. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm has a fifty day moving average price of $222.98 and a 200-day moving average price of $216.06. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The stock has a market capitalization of $154.57 billion, a price-to-earnings ratio of 27.65, a P/E/G ratio of 2.75 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the firm earned $2.25 EPS. Honeywell International's revenue was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

About Honeywell International

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.