Mechanics Financial Corp Sells 2,633 Shares of Honeywell International Inc. (NASDAQ:HON)

Mechanics Financial Corp trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 48.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,769 shares of the conglomerate's stock after selling 2,633 shares during the quarter. Mechanics Financial Corp's holdings in Honeywell International were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. World Investment Advisors lifted its holdings in shares of Honeywell International by 137.7% during the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after buying an additional 12,969 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Honeywell International by 12.7% in the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after purchasing an additional 10,092 shares during the last quarter. Red Door Wealth Management LLC lifted its holdings in Honeywell International by 2.6% in the 1st quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares during the last quarter. Potomac Fund Management Inc. ADV acquired a new stake in Honeywell International in the 4th quarter worth approximately $1,722,000. Finally, Petros Family Wealth LLC acquired a new stake in Honeywell International in the 4th quarter worth approximately $383,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 1.0%

NASDAQ:HON traded down $2.35 during mid-day trading on Friday, hitting $236.02. The company had a trading volume of 1,145,256 shares, compared to its average volume of 3,850,156. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The business's fifty day moving average is $227.75 and its two-hundred day moving average is $216.64. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The firm has a market cap of $151.69 billion, a P/E ratio of 27.12, a P/E/G ratio of 2.69 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly 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. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the prior year, the company earned $2.25 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. As a group, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders 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 annualized dividend and a dividend yield of 1.92%. Honeywell International's dividend payout ratio (DPR) is currently 51.95%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HON shares. Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a report on Wednesday, June 25th. Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Mizuho lifted their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company lifted their price target on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Finally, Citigroup lifted their price target on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $250.79.

Honeywell International Company 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.