Honeywell International Inc. (NASDAQ:HON) Shares Sold by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 32.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,272 shares of the conglomerate's stock after selling 8,360 shares during the quarter. Fishman Jay A Ltd. MI's holdings in Honeywell International were worth $3,657,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HON. Capital World Investors purchased a new position in Honeywell International in the fourth quarter valued at about $1,594,216,000. Raymond James Financial Inc. purchased a new stake in shares of Honeywell International during the fourth quarter worth about $435,786,000. GAMMA Investing LLC grew its stake in Honeywell International by 20,894.0% in the first 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 in the last quarter. Cibc World Markets Corp grew its stake in Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after purchasing an additional 1,018,099 shares in the last quarter. Finally, Demars Financial Group LLC acquired a new position in Honeywell International in the fourth quarter worth about $155,407,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $221.80 on Friday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. 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 firm has a market capitalization of $142.55 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08. The firm has a 50-day moving average price of $216.12 and a 200 day moving average price of $215.87.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during 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 company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.25 earnings per share. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International's payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HON. Wells Fargo & Company upped their target price on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. Barclays boosted their price objective on Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a research report on Wednesday. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, 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 report 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 data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $249.21.

Honeywell International Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.