Fulton Breakefield Broenniman LLC Sells 1,107 Shares of Honeywell International Inc. (NASDAQ:HON)

Fulton Breakefield Broenniman LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 42.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,510 shares of the conglomerate's stock after selling 1,107 shares during the quarter. Fulton Breakefield Broenniman LLC's holdings in Honeywell International were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Vanguard Group Inc. raised its holdings in Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after purchasing an additional 380,299 shares in the last quarter. Geode Capital Management LLC raised its holdings in Honeywell International by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares in the last quarter. Capital World Investors bought a new position in Honeywell International in the fourth quarter worth $1,594,216,000. Capital Research Global Investors raised its holdings in Honeywell International by 5.5% in the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Honeywell International by 5.7% during the fourth quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock valued at $1,412,619,000 after acquiring an additional 337,199 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

HON has been the subject of several analyst reports. Royal Bank Of Canada restated a "sector perform" rating and set a $226.00 price target on shares of Honeywell International in a report on Wednesday, June 25th. Barclays raised their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday. Wells Fargo & Company raised their price target on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Citigroup raised their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Eight research 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 company's stock. According to MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $250.79.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.84 during trading hours on Friday, reaching $235.93. 2,417,149 shares of the stock traded hands, compared to its average volume of 3,863,234. The company has a 50 day moving average price of $225.84 and a 200 day moving average price of $216.34. The firm has a market capitalization of $151.63 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 2.68 and a beta of 1.07. 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 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 36.19% and a net margin of 14.51%. The business's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.25 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid 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 1.92%. Honeywell International's dividend payout ratio is currently 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.