Romano Brothers AND Company Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Romano Brothers AND Company cut its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,203 shares of the conglomerate's stock after selling 1,144 shares during the period. Romano Brothers AND Company's holdings in Honeywell International were worth $5,125,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Bremer Bank National Association increased its stake in Honeywell International by 5.8% in the 1st quarter. Bremer Bank National Association now owns 3,189 shares of the conglomerate's stock valued at $675,000 after buying an additional 176 shares during the period. Bridge Creek Capital Management LLC boosted its holdings in Honeywell International by 3.0% in the 1st quarter. Bridge Creek Capital Management LLC now owns 7,605 shares of the conglomerate's stock valued at $1,610,000 after purchasing an additional 220 shares in the last quarter. Merit Financial Group LLC increased its position in Honeywell International by 12.6% during the 1st quarter. Merit Financial Group LLC now owns 50,771 shares of the conglomerate's stock worth $10,751,000 after purchasing an additional 5,675 shares during the period. Vantage Wealth raised its stake in shares of Honeywell International by 0.3% during the 1st quarter. Vantage Wealth now owns 82,460 shares of the conglomerate's stock worth $17,461,000 after buying an additional 273 shares in the last quarter. Finally, Lbmc Investment Advisors LLC boosted its stake in shares of Honeywell International by 13.0% in the first quarter. Lbmc Investment Advisors LLC now owns 1,236 shares of the conglomerate's stock valued at $262,000 after buying an additional 142 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barclays cut their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Deutsche Bank Aktiengesellschaft raised 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 report on Friday, February 7th. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price target on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Honeywell International currently has an average rating of "Moderate Buy" and a consensus price target of $248.14.

Honeywell International Trading Up 0.3%

HON traded up $0.68 during trading on Wednesday, hitting $227.45. The company's stock had a trading volume of 1,832,043 shares, compared to its average volume of 3,819,409. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm's 50 day moving average price is $209.49 and its 200-day moving average price is $216.15. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock has a market cap of $146.18 billion, a PE ratio of 26.11, a PEG ratio of 2.51 and a beta of 1.07.

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 the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm's revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.25 EPS. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.99%. Honeywell International's dividend payout ratio is currently 51.95%.

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.