Kentucky Retirement Systems Insurance Trust Fund Sells 8,831 Shares of Honeywell International Inc. (NASDAQ:HON)

Kentucky Retirement Systems Insurance Trust Fund reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 31.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,957 shares of the conglomerate's stock after selling 8,831 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Honeywell International were worth $4,014,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. World Investment Advisors raised its holdings in Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after purchasing an additional 12,969 shares during the period. Coordinated Financial Services Inc. acquired a new stake in Honeywell International in the fourth quarter worth $361,000. Schroder Investment Management Group raised its holdings in Honeywell International by 12.7% in the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after purchasing an additional 10,092 shares during the period. Raymond James Financial Inc. acquired a new stake in Honeywell International in the fourth quarter worth $435,786,000. Finally, Dynasty Wealth Management LLC raised its holdings in Honeywell International by 52.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock worth $2,559,000 after purchasing an additional 3,879 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of several analyst reports. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Royal Bank Of Canada raised their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 30th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Barclays raised their price objective on shares of Honeywell International from $243.00 to $258.00 and gave the stock an "overweight" rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, nine have assigned 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 price target of $249.21.

Honeywell International Stock Down 0.0%

HON stock traded down $0.07 during midday trading on Friday, hitting $221.80. The company's stock had a trading volume of 5,853,173 shares, compared to its average volume of 3,814,926. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company's fifty day moving average price is $216.12 and its 200 day moving average price is $215.77. The stock 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 (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the firm posted $2.25 EPS. The company's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

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.