Honeywell International Inc. (NASDAQ:HON) Shares Sold by Physicians Financial Services Inc.

Key Points

• Physicians Financial Services Inc. reduced its stake in Honeywell International Inc. by 44.4% in Q1, owning 3,720 shares valued at approximately $788,000 after selling 2,971 shares.
• Honeywell reported a quarterly EPS of $2.75, surpassing analysts' expectations, with revenues of $10.35 billion, which was also above consensus estimates.
• The company announced a quarterly dividend of $1.13 per share, resulting in an annualized yield of 2.02%, with a current payout ratio of 51.42%.

Physicians Financial Services Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 44.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,720 shares of the conglomerate's stock after selling 2,971 shares during the quarter. Physicians Financial Services Inc.'s holdings in Honeywell International were worth $788,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International during the fourth quarter valued at $29,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $34,000. Alexis Investment Partners LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $37,000. Banque de Luxembourg S.A. purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $38,000. Finally, Garde Capital Inc. purchased a new stake in shares of Honeywell International during the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a report on Friday, July 25th. Wells Fargo & Company dropped their target price on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research report on Friday, July 25th. Citigroup lifted their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Mizuho boosted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. boosted their price target 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. Eight equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Trading Up 0.1%

HON stock traded up $0.31 during mid-day trading on Thursday, hitting $222.47. 1,372,146 shares of the company were exchanged, compared to its average volume of 4,136,467. The company has a quick ratio of 0.97, a current ratio of 1.29 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $141.24 billion, a P/E ratio of 25.32, a PEG ratio of 2.51 and a beta of 1.07. The business has a fifty day simple moving average of $229.35 and a 200-day simple moving average of $217.06. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to analyst estimates of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.49 earnings per share. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.0%. Honeywell International's dividend payout ratio (DPR) is 51.42%.

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.