OLD National Bancorp IN Sells 2,494 Shares of Honeywell International Inc. (NASDAQ:HON)

OLD National Bancorp IN lowered its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 10.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,521 shares of the conglomerate's stock after selling 2,494 shares during the period. OLD National Bancorp IN's holdings in Honeywell International were worth $4,557,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of HON. Valmark Advisers Inc. raised its holdings in Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after buying an additional 45 shares during the last quarter. Claris Advisors LLC MO raised its holdings in Honeywell International by 4.8% in the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock worth $241,000 after acquiring an additional 49 shares during the last quarter. Avantax Planning Partners Inc. lifted its position in Honeywell International by 1.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock valued at $777,000 after acquiring an additional 49 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC boosted its stake in Honeywell International by 0.6% during the 4th quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,835 shares of the conglomerate's stock valued at $1,996,000 after purchasing an additional 50 shares during the last quarter. Finally, Spinnaker Trust increased its holdings in shares of Honeywell International by 0.4% in the 4th quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate's stock worth $2,558,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HON shares. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Royal Bank of Canada raised 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 boosted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. JPMorgan Chase & Co. increased their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Eight analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of "Moderate Buy" and an average target price of $248.14.

Honeywell International Stock Performance

NASDAQ HON traded down $1.65 on Monday, hitting $227.13. 2,561,104 shares of the company traded hands, compared to its average volume of 3,819,125. 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 business's 50 day moving average price is $210.44 and its 200-day moving average price is $216.08. The company has a market capitalization of $145.97 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the previous year, the company posted $2.25 EPS. The firm's revenue was up 7.9% on a year-over-year basis. Equities 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 dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.99%. Honeywell International's dividend payout ratio is presently 51.95%.

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.