Honeywell International Inc. (NASDAQ:HON) Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,197 shares of the conglomerate's stock after selling 1,657 shares during the period. Penobscot Investment Management Company Inc.'s holdings in Honeywell International were worth $3,853,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC acquired a new position in Honeywell International during the 4th quarter worth approximately $25,000. Avalon Trust Co grew its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth approximately $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

Honeywell International stock opened at $221.79 on Thursday. The stock's 50-day moving average is $217.70 and its 200-day moving average is $215.79. The company has a market cap of $142.54 billion, a price-to-earnings ratio of 25.49, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08. 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 12 month low of $179.36 and a 12 month high of $242.77.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company raised their price target on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International 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 target for the company in a research report on Wednesday, May 7th. Finally, Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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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