Honeywell International Inc. (NASDAQ:HON) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 36.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 16,825 shares of the conglomerate's stock after selling 9,565 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Honeywell International were worth $3,563,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Value Partners Investments Inc. raised its stake in Honeywell International by 51.9% during the 1st quarter. Value Partners Investments Inc. now owns 3,928 shares of the conglomerate's stock valued at $832,000 after acquiring an additional 1,342 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Honeywell International by 6.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 217,529 shares of the conglomerate's stock valued at $46,062,000 after acquiring an additional 13,126 shares during the last quarter. Omnia Family Wealth LLC raised its stake in Honeywell International by 26.6% during the 1st quarter. Omnia Family Wealth LLC now owns 1,289 shares of the conglomerate's stock valued at $273,000 after acquiring an additional 271 shares during the last quarter. White Pine Investment CO raised its stake in Honeywell International by 4.9% during the 1st quarter. White Pine Investment CO now owns 18,065 shares of the conglomerate's stock valued at $3,825,000 after acquiring an additional 851 shares during the last quarter. Finally, Tyche Wealth Partners LLC raised its stake in Honeywell International by 15.6% during the 1st quarter. Tyche Wealth Partners LLC now owns 5,685 shares of the conglomerate's stock valued at $1,204,000 after acquiring an additional 768 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Wells Fargo & Company increased their target price on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, Citigroup increased their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Eight equities 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, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $250.29.

Honeywell International Price Performance

NASDAQ HON traded up $0.49 during mid-day trading on Wednesday, hitting $239.26. The stock had a trading volume of 4,102,571 shares, compared to its average volume of 3,839,769. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a market cap of $153.77 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 2.73 and a beta of 1.07. The company has a 50 day simple moving average of $220.52 and a 200 day simple moving average of $215.82. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43.

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

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date 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.