Yousif Capital Management LLC Sells 1,695 Shares of Honeywell International Inc. (NASDAQ:HON)

Yousif Capital Management LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,202 shares of the conglomerate's stock after selling 1,695 shares during the quarter. Yousif Capital Management LLC's holdings in Honeywell International were worth $16,983,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Olstein Capital Management L.P. lifted its holdings in Honeywell International by 39.3% in the 1st quarter. Olstein Capital Management L.P. now owns 19,500 shares of the conglomerate's stock worth $4,129,000 after buying an additional 5,500 shares during the period. Parisi Gray Wealth Management boosted its holdings in Honeywell International by 2.1% in the first quarter. Parisi Gray Wealth Management now owns 10,239 shares of the conglomerate's stock valued at $2,168,000 after acquiring an additional 215 shares in the last quarter. Tounjian Advisory Partners LLC purchased a new position in Honeywell International during the 1st quarter valued at $3,229,000. Cetera Trust Company N.A raised its holdings in Honeywell International by 0.5% in the 1st 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 in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Honeywell International by 13.0% in the 1st quarter. Farther Finance Advisors LLC now owns 10,526 shares of the conglomerate's stock worth $2,247,000 after purchasing an additional 1,212 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HON shares. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Mizuho increased their target price on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wells Fargo & Company increased their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday, April 30th. Finally, Royal Bank of Canada raised their price objective on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Eight 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $248.14.

Honeywell International Stock Down 0.1%

HON traded down $0.12 during trading on Wednesday, hitting $226.14. 518,107 shares of the company's stock traded hands, compared to its average volume of 3,806,333. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company's 50 day simple moving average is $211.06 and its two-hundred day simple moving average is $216.13. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $145.34 billion, a price-to-earnings ratio of 25.96, a PEG ratio of 2.51 and a beta of 1.08.

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 the consensus estimate 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 the consensus estimate of $9.59 billion. During the same period last year, the company earned $2.25 EPS. Honeywell International's revenue for the quarter was up 7.9% on a year-over-year basis. 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 announced 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 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend 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.