MainStreet Investment Advisors LLC Has $10.78 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

MainStreet Investment Advisors LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,894 shares of the conglomerate's stock after selling 6,640 shares during the quarter. Honeywell International makes up approximately 1.6% of MainStreet Investment Advisors LLC's investment portfolio, making the stock its 19th largest position. MainStreet Investment Advisors LLC's holdings in Honeywell International were worth $10,777,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HON. Capital World Investors acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $1,594,216,000. GAMMA Investing LLC grew its position in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after purchasing an additional 1,320,295 shares during the last quarter. Cibc World Markets Corp grew its position in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the last quarter. Demars Financial Group LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $155,407,000. Finally, Boston Partners grew its position in shares of Honeywell International by 29.2% in the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock valued at $675,986,000 after purchasing an additional 677,213 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Down 0.4%

NASDAQ:HON traded down $0.84 during trading hours on Friday, hitting $235.93. 2,417,149 shares of the company were exchanged, compared to its average volume of 3,856,139. The stock has a market capitalization of $151.63 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 2.69 and a beta of 1.07. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a fifty day simple moving average of $225.84 and a 200 day simple moving average of $216.42.

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

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Analyst Ratings Changes

Several equities analysts have recently commented on HON shares. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a research report on Wednesday, May 7th. JPMorgan Chase & Co. upped their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Barclays boosted their price target on Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Mizuho boosted 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. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $250.79.

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.