Honeywell International Inc. (NASDAQ:HON) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 56.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,478 shares of the conglomerate's stock after selling 1,908 shares during the quarter. Edgestream Partners L.P.'s holdings in Honeywell International were worth $313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital World Investors purchased a new position in shares of Honeywell International during the 4th quarter worth $1,594,216,000. GAMMA Investing LLC raised its holdings in Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after buying an additional 1,320,295 shares during the period. Demars Financial Group LLC purchased a new stake in Honeywell International in the 4th quarter valued at about $155,407,000. Geode Capital Management LLC raised its holdings in Honeywell International by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after buying an additional 627,422 shares during the period. Finally, Leigh Baldwin & CO. LLC purchased a new stake in Honeywell International in the 4th quarter valued at about $123,294,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $14.79 during mid-day trading on Thursday, hitting $224.48. 11,168,813 shares of the company were exchanged, compared to its average volume of 2,914,790. 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 stock has a 50 day simple moving average of $229.39 and a 200-day simple moving average of $216.96. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The firm has a market cap of $144.27 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 2.72 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period last year, the company earned $2.49 earnings per share. The company's revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, May 16th. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analysts Forecast Growth

HON has been the topic of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday, July 1st. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. Citigroup boosted their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Mizuho upped their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Eight investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $250.79.

Honeywell International Profile

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.