Folger Nolan Fleming Douglas Capital Management Inc. Sells 1,249 Shares of Honeywell International Inc. (NASDAQ:HON)

Folger Nolan Fleming Douglas Capital Management Inc. lowered its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,701 shares of the conglomerate's stock after selling 1,249 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.'s holdings in Honeywell International were worth $5,866,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bar Harbor Wealth Management grew its stake in Honeywell International by 237.3% during the first quarter. Bar Harbor Wealth Management now owns 15,145 shares of the conglomerate's stock worth $3,207,000 after buying an additional 10,655 shares in the last quarter. Smithbridge Asset Management Inc. DE bought a new stake in shares of Honeywell International during the 1st quarter worth approximately $6,117,000. Albert D Mason Inc. boosted its position in shares of Honeywell International by 1.8% during the 1st quarter. Albert D Mason Inc. now owns 8,111 shares of the conglomerate's stock worth $1,718,000 after acquiring an additional 144 shares in the last quarter. Quintet Private Bank Europe S.A. increased its stake in Honeywell International by 12.9% in the first quarter. Quintet Private Bank Europe S.A. now owns 10,658 shares of the conglomerate's stock valued at $2,257,000 after acquiring an additional 1,214 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC raised its position in Honeywell International by 2.3% during the first quarter. NorthCrest Asset Manangement LLC now owns 163,709 shares of the conglomerate's stock valued at $34,665,000 after purchasing an additional 3,631 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HON shares. Mizuho lifted their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Barclays decreased their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. Finally, Royal Bank of Canada upped their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $248.14.

Honeywell International Trading Down 0.8%

HON traded down $1.76 during trading on Friday, reaching $224.29. 2,497,010 shares of the company's stock were exchanged, compared to its average volume of 3,824,955. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The firm has a fifty day moving average price of $213.35 and a two-hundred day moving average price of $216.03. The stock has a market capitalization of $144.15 billion, a PE ratio of 25.75, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Honeywell International's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 earnings per share. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International's dividend payout ratio (DPR) is 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.