First Fiduciary Investment Counsel Inc. Lowers Stock Position in Honeywell International Inc. (NASDAQ:HON)

First Fiduciary Investment Counsel Inc. lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,414 shares of the conglomerate's stock after selling 2,219 shares during the period. Honeywell International accounts for about 3.7% of First Fiduciary Investment Counsel Inc.'s portfolio, making the stock its 5th largest position. First Fiduciary Investment Counsel Inc.'s holdings in Honeywell International were worth $17,451,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth approximately $25,000. Avalon Trust Co increased its holdings in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after buying an additional 75 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at $34,000. Finally, Curio Wealth LLC purchased a new stake in Honeywell International during the fourth quarter valued at about $35,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Up 1.8%

Shares of NASDAQ:HON traded up $4.03 during midday trading on Monday, reaching $232.88. The company's stock had a trading volume of 4,060,854 shares, compared to its average volume of 3,823,897. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month 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. The firm has a 50 day moving average of $218.94 and a 200-day moving average of $215.62. The firm has a market capitalization of $149.67 billion, a P/E ratio of 26.77, a PEG ratio of 2.67 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the company posted $2.25 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Analysts Set New Price Targets

A number of research firms have recently commented on HON. JPMorgan Chase & Co. raised their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Citigroup lifted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Barclays raised their price target on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $249.21.

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.