Notis McConarty Edward Sells 1,143 Shares of Honeywell International Inc. (NASDAQ:HON)

Notis McConarty Edward decreased its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 48.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,207 shares of the conglomerate's stock after selling 1,143 shares during the period. Notis McConarty Edward's holdings in Honeywell International were worth $256,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock valued at $4,302,000 after purchasing an additional 1,582 shares during the last quarter. American Century Companies Inc. grew its holdings in Honeywell International by 5.2% in the 4th quarter. American Century Companies Inc. now owns 292,718 shares of the conglomerate's stock worth $66,122,000 after acquiring an additional 14,408 shares during the last quarter. LPL Financial LLC grew its holdings in Honeywell International by 4.6% in the 4th quarter. LPL Financial LLC now owns 725,863 shares of the conglomerate's stock worth $163,965,000 after acquiring an additional 32,011 shares during the last quarter. Interchange Capital Partners LLC bought a new stake in Honeywell International in the 4th quarter worth $206,000. Finally, CoreFirst Bank & Trust bought a new stake in Honeywell International in the 4th quarter worth $506,000. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Citigroup raised their price target 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. Wells Fargo & Company cut their price target on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday. Finally, Mizuho lifted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $252.00.

Honeywell International Stock Performance

Shares of HON traded down $0.24 during mid-day trading on Friday, hitting $224.24. 5,645,057 shares of the company traded hands, compared to its average volume of 3,343,010. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.95 and a current ratio of 1.29. The stock has a 50-day moving average price of $229.41 and a two-hundred day moving average price of $216.99. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock has a market cap of $144.11 billion, a price-to-earnings ratio of 25.51, a P/E/G ratio of 2.53 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. During the same period in the previous year, the company earned $2.49 earnings per share. The firm's quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. 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.