Fourpath Capital Management LLC Sells 16,273 Shares of Honeywell International Inc. (NASDAQ:HON)

Fourpath Capital Management LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 88.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,146 shares of the conglomerate's stock after selling 16,273 shares during the quarter. Fourpath Capital Management LLC's holdings in Honeywell International were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HON. Cardinal Capital Management Inc. grew its stake in Honeywell International by 2.9% in the first quarter. Cardinal Capital Management Inc. now owns 130,355 shares of the conglomerate's stock worth $27,603,000 after purchasing an additional 3,720 shares in the last quarter. Olstein Capital Management L.P. lifted its holdings in Honeywell International by 39.3% during the 1st quarter. Olstein Capital Management L.P. now owns 19,500 shares of the conglomerate's stock worth $4,129,000 after buying an additional 5,500 shares during the last quarter. Parisi Gray Wealth Management grew its position in shares of Honeywell International by 2.1% in the 1st quarter. Parisi Gray Wealth Management now owns 10,239 shares of the conglomerate's stock worth $2,168,000 after acquiring an additional 215 shares in the last quarter. Tounjian Advisory Partners LLC acquired a new stake in shares of Honeywell International during the 1st quarter valued at approximately $3,229,000. Finally, Cetera Trust Company N.A raised its position in shares of Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $0.87 during trading on Tuesday, hitting $226.26. The company had a trading volume of 2,665,080 shares, compared to its average volume of 3,814,527. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The business's 50-day moving average is $210.66 and its 200 day moving average is $216.06. The company has a market cap of $145.41 billion, a P/E ratio of 25.98, a PEG ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating 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%. Honeywell International's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.25 earnings per share. Equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HON. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note 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 price objective on the stock in a research note on Wednesday, May 7th. Barclays cut their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Mizuho upped their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Finally, Royal Bank of Canada raised their price target on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $248.14.

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.