Honeywell International Inc. (NASDAQ:HON) Shares Sold by Trust Point Inc.

Trust Point Inc. reduced its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 14.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,149 shares of the conglomerate's stock after selling 1,905 shares during the quarter. Trust Point Inc.'s holdings in Honeywell International were worth $2,361,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mainstream Capital Management LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at approximately $25,000. Avalon Trust Co boosted its stake in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after buying an additional 75 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $34,000. Finally, Curio Wealth LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $35,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 30th. Mizuho lifted their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Finally, Barclays decreased their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 30th. Eight equities research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $248.14.

Honeywell International Stock Performance

NASDAQ HON opened at $224.29 on Monday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market cap of $144.15 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The business has a fifty day moving average of $213.35 and a 200-day moving average of $215.94. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the previous year, the firm posted $2.25 earnings per share. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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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