Honeywell International Inc. (NASDAQ:HON) Shares Sold by Pacific Global Investment Management Co.

Pacific Global Investment Management Co. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 74.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,180 shares of the conglomerate's stock after selling 3,452 shares during the quarter. Pacific Global Investment Management Co.'s holdings in Honeywell International were worth $250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in HON. Claris Advisors LLC MO lifted its position in shares of Honeywell International by 4.8% in the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after acquiring an additional 49 shares during the period. Avantax Planning Partners Inc. raised its stake in shares of Honeywell International by 1.4% in the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock valued at $777,000 after purchasing an additional 49 shares in the last quarter. Zions Bancorporation N.A. lifted its position in Honeywell International by 7.4% in the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock worth $164,000 after purchasing an additional 50 shares during the period. Cetera Trust Company N.A lifted its position in Honeywell International by 0.5% in the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock worth $2,218,000 after purchasing an additional 50 shares during the period. Finally, Kennedy Investment Group boosted its stake in Honeywell International by 1.7% during the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock worth $639,000 after buying an additional 51 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Up 2.1%

Shares of NASDAQ:HON opened at $226.38 on Friday. 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 cap of $145.49 billion, a P/E ratio of 26.02, a P/E/G ratio of 2.59 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company's 50-day moving average price is $218.29 and its two-hundred day moving average price is $215.80.

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

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is 51.95%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Barclays lifted their price objective on Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a report on Wednesday. Finally, Citigroup boosted their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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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