Greenwood Capital Associates LLC Has $5.27 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Greenwood Capital Associates LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 16.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,871 shares of the conglomerate's stock after selling 4,865 shares during the quarter. Greenwood Capital Associates LLC's holdings in Honeywell International were worth $5,266,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in HON. Simon Quick Advisors LLC raised its position in Honeywell International by 72.0% during the first quarter. Simon Quick Advisors LLC now owns 7,523 shares of the conglomerate's stock worth $1,593,000 after acquiring an additional 3,149 shares in the last quarter. Alpha Omega Wealth Management LLC boosted its holdings in shares of Honeywell International by 1.4% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 6,159 shares of the conglomerate's stock worth $1,304,000 after buying an additional 83 shares during the period. Bard Financial Services Inc. grew its stake in Honeywell International by 4.9% in the 1st quarter. Bard Financial Services Inc. now owns 17,719 shares of the conglomerate's stock valued at $3,752,000 after buying an additional 825 shares during the last quarter. USA Financial Formulas grew its position in shares of Honeywell International by 18.5% in the first quarter. USA Financial Formulas now owns 6,712 shares of the conglomerate's stock valued at $1,421,000 after purchasing an additional 1,048 shares during the last quarter. Finally, CX Institutional increased its stake in shares of Honeywell International by 46.1% during the first quarter. CX Institutional now owns 66,728 shares of the conglomerate's stock worth $14,130,000 after purchasing an additional 21,061 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. 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 research report on Friday, May 16th. Barclays decreased their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company boosted their price target on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating 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 price objective on the stock in a research note on Wednesday, May 7th. Finally, Citigroup raised their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Eight research 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $248.14.

Honeywell International Trading Down 0.8%

Shares of NASDAQ:HON traded down $1.76 during mid-day 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 debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a market capitalization of $144.15 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.51 and a beta of 1.08. The business's fifty day moving average price is $213.35 and its 200-day moving average price is $216.03.

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 (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 company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the company earned $2.25 earnings per share. The firm's revenue was up 7.9% compared to the same quarter last year. On average, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.02%. Honeywell International's payout ratio is 51.95%.

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.