Honeywell International Inc. (NASDAQ:HON) Shares Sold by Covea Finance

Covea Finance lessened its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 36.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,798 shares of the conglomerate's stock after selling 36,000 shares during the quarter. Covea Finance's holdings in Honeywell International were worth $13,297,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $25,000. Avalon Trust Co lifted its holdings in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Honeywell International during the 4th quarter valued at $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International during the 4th quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new position in shares of Honeywell International during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Price Performance

HON opened at $221.80 on Friday. The company has a 50-day moving average of $216.12 and a 200-day moving average of $215.87. The company has a market capitalization of $142.55 billion, a P/E ratio of 25.49, a PEG ratio of 2.59 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. 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 (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.25 EPS. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal 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 given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Friday, May 16th. Honeywell International's payout ratio is currently 51.95%.

Analysts Set New Price Targets

Several research firms recently weighed in on HON. Wells Fargo & Company lifted their target price on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Royal Bank Of Canada lifted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Barclays lifted their target price on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday. 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 report on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus price target 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.

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