Honeywell International Inc. (NASDAQ:HON) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. decreased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 87.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,597 shares of the conglomerate's stock after selling 58,495 shares during the period. Congress Asset Management Co.'s holdings in Honeywell International were worth $1,820,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HON. Impact Capital Partners LLC lifted its position in shares of Honeywell International by 5.3% in the first quarter. Impact Capital Partners LLC now owns 8,815 shares of the conglomerate's stock valued at $1,867,000 after acquiring an additional 443 shares in the last quarter. Pines Wealth Management LLC lifted its position in shares of Honeywell International by 6.7% in the first quarter. Pines Wealth Management LLC now owns 3,154 shares of the conglomerate's stock valued at $668,000 after acquiring an additional 197 shares in the last quarter. Magnus Financial Group LLC lifted its position in shares of Honeywell International by 2.5% in the first quarter. Magnus Financial Group LLC now owns 9,155 shares of the conglomerate's stock valued at $1,939,000 after acquiring an additional 219 shares in the last quarter. Intellectus Partners LLC lifted its position in shares of Honeywell International by 1.7% in the first quarter. Intellectus Partners LLC now owns 10,402 shares of the conglomerate's stock valued at $2,203,000 after acquiring an additional 172 shares in the last quarter. Finally, Herbst Group LLC purchased a new stake in shares of Honeywell International in the first quarter valued at $1,864,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

Honeywell International stock opened at $228.78 on Monday. The stock's 50-day moving average is $210.44 and its 200-day moving average is $216.08. The company has a market cap of $147.03 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. 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.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 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 the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the business posted $2.25 EPS. Equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HON shares. 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 report on Wednesday, May 7th. Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Wells Fargo & Company increased their target price 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. Finally, Barclays reduced their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $248.14.

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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