Northeast Investment Management Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Northeast Investment Management trimmed its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,648 shares of the conglomerate's stock after selling 4,427 shares during the period. Honeywell International makes up approximately 1.2% of Northeast Investment Management's portfolio, making the stock its 26th biggest position. Northeast Investment Management's holdings in Honeywell International were worth $26,182,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. USA Financial Formulas increased its holdings in Honeywell International by 18.5% during the 1st quarter. USA Financial Formulas now owns 6,712 shares of the conglomerate's stock worth $1,421,000 after purchasing an additional 1,048 shares in the last quarter. CX Institutional increased its holdings in Honeywell International by 46.1% during the 1st quarter. CX Institutional now owns 66,728 shares of the conglomerate's stock worth $14,130,000 after purchasing an additional 21,061 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Honeywell International by 1.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 19,698 shares of the conglomerate's stock worth $4,171,000 after purchasing an additional 340 shares in the last quarter. Integrated Advisors Network LLC increased its holdings in Honeywell International by 6.0% during the 1st quarter. Integrated Advisors Network LLC now owns 36,782 shares of the conglomerate's stock worth $7,789,000 after purchasing an additional 2,076 shares in the last quarter. Finally, Moseley Investment Management Inc. increased its holdings in Honeywell International by 2.5% during the 1st quarter. Moseley Investment Management Inc. now owns 9,324 shares of the conglomerate's stock worth $1,974,000 after purchasing an additional 225 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $0.23 during trading on Thursday, hitting $226.05. 1,598,692 shares of the company were exchanged, compared to its average volume of 3,816,463. The company has a market cap of $145.28 billion, a PE ratio of 25.95, a P/E/G ratio of 2.51 and a beta of 1.08. The stock has a 50 day moving average of $212.52 and a 200 day moving average of $216.17. 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.

Honeywell International (NASDAQ:HON - Get Free Report) last posted 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 firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.25 earnings per share. As a group, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

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 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 2.00%. Honeywell International's dividend payout ratio is currently 51.95%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company upped their target price on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a report on Wednesday, April 30th. 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 report on Friday, May 16th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a report on Wednesday, May 7th. Barclays reduced their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Finally, Royal Bank of Canada upped their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a 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. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $248.14.

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.