Honeywell International Inc. (NASDAQ:HON) Shares Sold by Board of the Pension Protection Fund

Board of the Pension Protection Fund reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,600 shares of the conglomerate's stock after selling 1,200 shares during the quarter. Board of the Pension Protection Fund's holdings in Honeywell International were worth $339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital World Investors acquired a new position in Honeywell International during the fourth quarter worth about $1,594,216,000. Raymond James Financial Inc. purchased a new position in Honeywell International in the 4th quarter worth approximately $435,786,000. GAMMA Investing LLC boosted its holdings in shares of Honeywell International by 20,894.0% during the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after purchasing an additional 1,320,295 shares during the last quarter. Cibc World Markets Corp grew its position in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after purchasing an additional 1,018,099 shares in the last quarter. Finally, Demars Financial Group LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $155,407,000. Hedge funds and other 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 research reports. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Barclays lifted their price target on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday, June 18th. Citigroup upped their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, 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 report on Friday, May 16th. Eight investment 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. According to MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $249.21.

Honeywell International Stock Up 2.1%

Shares of HON opened at $226.38 on Friday. The company's 50-day simple moving average is $218.29 and its 200-day simple moving average is $215.80. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock has a market capitalization of $145.49 billion, a PE ratio of 26.02, a P/E/G ratio of 2.59 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm's quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.25 EPS. Analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Friday, May 16th. 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.

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