Honeywell International Inc. (NASDAQ:HON) Shares Sold by Rockland Trust Co.

Rockland Trust Co. lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,120 shares of the conglomerate's stock after selling 1,291 shares during the quarter. Rockland Trust Co.'s holdings in Honeywell International were worth $22,259,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Capital World Investors bought a new position in shares of Honeywell International in the fourth quarter worth about $1,594,216,000. Raymond James Financial Inc. purchased a new stake in Honeywell International in the 4th quarter worth approximately $435,786,000. ING Groep NV raised its stake in Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after acquiring an additional 1,574,376 shares during the period. GAMMA Investing LLC lifted its holdings in Honeywell International by 20,894.0% during the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock valued at $2,809,110,000 after purchasing an additional 1,320,295 shares in the last quarter. Finally, Cibc World Markets Corp boosted its position in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after purchasing an additional 1,018,099 shares during the period. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 0.8%

NASDAQ:HON traded down $1.76 during midday trading on Friday, hitting $224.29. The stock had a trading volume of 2,497,010 shares, compared to its average volume of 3,818,611. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average of $212.52 and a 200 day moving average of $216.17. The company has a market capitalization of $144.15 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same quarter last year, the firm posted $2.25 earnings per share. The business's revenue for the quarter was up 7.9% on a year-over-year basis. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.02%. Honeywell International's dividend payout ratio is presently 51.95%.

Analysts Set New Price Targets

HON has been the subject of a number of analyst reports. Mizuho increased their price target on Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. increased their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Citigroup lifted their target price on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Finally, Barclays decreased their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.