New Century Financial Group LLC Sells 1,713 Shares of Honeywell International Inc. (NASDAQ:HON)

New Century Financial Group LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 58.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,216 shares of the conglomerate's stock after selling 1,713 shares during the period. New Century Financial Group LLC's holdings in Honeywell International were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HON. Vanguard Group Inc. increased its holdings in shares of Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after buying an additional 380,299 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Honeywell International by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after acquiring an additional 627,422 shares during the last quarter. Capital World Investors purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $1,594,216,000. Bank of New York Mellon Corp boosted its position in Honeywell International by 10.3% during the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock valued at $1,527,867,000 after buying an additional 631,761 shares during the period. Finally, Capital Research Global Investors grew its stake in shares of Honeywell International by 5.5% in the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Wells Fargo & Company upped their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Eight investment 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 company's stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus target price of $248.14.

Honeywell International Price Performance

Shares of HON stock traded down $1.76 on Friday, hitting $224.29. 2,497,010 shares of the stock traded hands, compared to its average volume of 3,818,612. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a market cap of $144.15 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.51 and a beta of 1.08. The firm has a 50 day simple moving average of $213.35 and a two-hundred day simple moving average of $216.13.

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 (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.25 earnings per share. As a group, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend 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.