Rogco LP Sells 2,696 Shares of Honeywell International Inc. (NASDAQ:HON)

Rogco LP reduced its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 34.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,190 shares of the conglomerate's stock after selling 2,696 shares during the period. Rogco LP's holdings in Honeywell International were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HON. Topsail Wealth Management LLC raised its holdings in Honeywell International by 4.9% during the 1st quarter. Topsail Wealth Management LLC now owns 1,509 shares of the conglomerate's stock worth $320,000 after purchasing an additional 70 shares during the last quarter. Banque Pictet & Cie SA raised its holdings in Honeywell International by 7.1% during the 1st quarter. Banque Pictet & Cie SA now owns 142,968 shares of the conglomerate's stock worth $30,273,000 after purchasing an additional 9,508 shares during the last quarter. Slagle Financial LLC raised its holdings in Honeywell International by 1.1% during the 1st quarter. Slagle Financial LLC now owns 19,662 shares of the conglomerate's stock worth $4,163,000 after purchasing an additional 219 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in Honeywell International by 240.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 405 shares of the conglomerate's stock worth $80,000 after purchasing an additional 286 shares during the last quarter. Finally, Brick & Kyle Associates raised its holdings in Honeywell International by 1.4% during the 1st quarter. Brick & Kyle Associates now owns 26,440 shares of the conglomerate's stock worth $5,569,000 after purchasing an additional 365 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on HON shares. JPMorgan Chase & Co. raised 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. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Barclays lifted their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday. 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. Finally, Mizuho lifted their price objective 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. Eight investment 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 stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus target price of $250.79.

Honeywell International Stock Down 0.6%

HON traded down $1.35 during mid-day trading on Friday, reaching $235.42. 1,181,081 shares of the stock were exchanged, compared to its average volume of 3,846,871. The stock has a market capitalization of $151.30 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 2.72 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. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The company has a 50 day moving average price of $225.41 and a two-hundred day moving average price of $216.38.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.25 EPS. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

About Honeywell International

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.