Grassi Investment Management Sells 1,999 Shares of Honeywell International Inc. (NASDAQ:HON)

Grassi Investment Management trimmed its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,247 shares of the conglomerate's stock after selling 1,999 shares during the quarter. Honeywell International accounts for 1.1% of Grassi Investment Management's portfolio, making the stock its 23rd largest position. Grassi Investment Management's holdings in Honeywell International were worth $12,334,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. World Investment Advisors raised its stake in Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after acquiring an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. acquired a new position in Honeywell International in the fourth quarter valued at about $361,000. Schroder Investment Management Group lifted its stake in Honeywell International by 12.7% in the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after buying an additional 10,092 shares during the period. Raymond James Financial Inc. acquired a new position in Honeywell International in the fourth quarter valued at about $435,786,000. Finally, Dynasty Wealth Management LLC lifted its stake in Honeywell International by 52.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock valued at $2,559,000 after buying an additional 3,879 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of HON stock traded up $2.11 on Friday, hitting $228.78. 2,215,743 shares of the company's stock were exchanged, compared to its average volume of 3,824,178. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a market cap of $147.03 billion, a P/E ratio of 26.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a 50 day moving average of $210.44 and a 200 day moving average of $216.15.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HON shares. Wells Fargo & Company raised their price target on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Barclays reduced their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Finally, Citigroup upped their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday. Eight investment 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's stock. According to data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

Honeywell International Company 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.