Honeywell International Inc. (NASDAQ:HON) Shares Sold by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. decreased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 29.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,002 shares of the conglomerate's stock after selling 1,662 shares during the quarter. Mmbg Investment Advisors CO.'s holdings in Honeywell International were worth $847,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Capital World Investors acquired a new position in shares of Honeywell International in the 4th quarter valued at $1,594,216,000. Raymond James Financial Inc. acquired a new position in shares of Honeywell International in the 4th quarter valued at $435,786,000. GAMMA Investing LLC boosted its position in shares of 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 purchasing an additional 1,320,295 shares during the period. Cibc World Markets Corp boosted its position in shares of Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $155,407,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Up 1.1%

Shares of HON stock opened at $228.85 on Friday. The stock's 50 day simple moving average is $218.94 and its 200 day simple moving average is $215.71. 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 Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a market capitalization of $147.08 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.67 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period last year, the business earned $2.25 EPS. The firm's revenue was up 7.9% compared to the same quarter last year. As a group, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

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

Analyst Ratings Changes

HON has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Barclays raised 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, June 18th. Wells Fargo & Company raised their price objective 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. 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. Finally, Citigroup raised 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. Eight 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $249.21.

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.

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