Honeywell International Inc. (NASDAQ:HON) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,279 shares of the conglomerate's stock after selling 1,258 shares during the quarter. Parallel Advisors LLC's holdings in Honeywell International were worth $10,011,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LaFleur & Godfrey LLC raised its holdings in shares of Honeywell International by 40.7% in the fourth quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock valued at $9,550,000 after acquiring an additional 12,227 shares in the last quarter. Brighton Jones LLC raised its stake in Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after buying an additional 1,582 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Honeywell International in the fourth quarter worth approximately $21,525,000. KBC Group NV raised its position in shares of Honeywell International by 11.3% in the 4th quarter. KBC Group NV now owns 53,686 shares of the conglomerate's stock worth $12,127,000 after acquiring an additional 5,450 shares in the last quarter. Finally, Gateway Wealth Partners LLC raised its position in shares of Honeywell International by 20.3% in the 4th quarter. Gateway Wealth Partners LLC now owns 1,995 shares of the conglomerate's stock worth $451,000 after acquiring an additional 336 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HON. Citigroup reduced their price target on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Royal Bank of Canada boosted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Morgan Stanley upped their price target on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $245.57.

Honeywell International Stock Performance

Shares of HON stock traded down $0.34 during mid-day trading on Friday, reaching $224.85. The stock had a trading volume of 8,299,549 shares, compared to its average volume of 3,831,092. The business's fifty day moving average is $208.99 and its 200-day moving average is $216.32. 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 firm has a market cap of $144.51 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the prior year, the company earned $2.25 EPS. Honeywell International's quarterly revenue was up 7.9% on a year-over-year basis. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio is currently 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.