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

Rogco LP trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 34.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,190 shares of the conglomerate's stock after selling 2,696 shares during the quarter. Rogco LP's holdings in Honeywell International were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Capital World Investors bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $1,594,216,000. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 1,320,295 shares in the last quarter. Cibc World Markets Corp lifted its stake in 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 acquiring an additional 1,018,099 shares during the period. Demars Financial Group LLC bought a new stake in Honeywell International in the fourth quarter valued at $155,407,000. Finally, Boston Partners increased its position in Honeywell International by 29.2% during the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock valued at $675,986,000 after purchasing an additional 677,213 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 0.4%

HON stock traded down $0.84 during trading on Friday, hitting $235.93. 2,417,149 shares of the stock traded hands, compared to its average volume of 3,863,234. The stock has a market cap of $151.63 billion, a price-to-earnings ratio of 27.12, a price-to-earnings-growth ratio of 2.68 and a beta of 1.07. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.25 and a quick ratio of 0.95. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm's 50 day moving average is $225.84 and its two-hundred day moving average is $216.23.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The business's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.25 earnings per share. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Bank of America upgraded 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 report on Wednesday, May 7th. Wells Fargo & Company upped their target price on Honeywell International from $225.00 to $240.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 1st. Barclays increased their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada restated a "sector perform" rating and issued a $226.00 target price on shares of Honeywell International in a research note on Wednesday, June 25th. Finally, Mizuho upped 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. Eight equities research 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. According to MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $250.79.

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.