Simmons Bank Has $1.81 Million Position in Honeywell International Inc. (NASDAQ:HON)

Simmons Bank cut its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 68.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,553 shares of the conglomerate's stock after selling 18,463 shares during the period. Simmons Bank's holdings in Honeywell International were worth $1,811,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Claris Advisors LLC MO lifted its holdings in shares of Honeywell International by 4.8% during the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock valued at $241,000 after buying an additional 49 shares during the last quarter. Avantax Planning Partners Inc. lifted its holdings in shares of Honeywell International by 1.4% during the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock valued at $777,000 after buying an additional 49 shares during the last quarter. Zions Bancorporation N.A. lifted its holdings in shares of Honeywell International by 7.4% during the 4th quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock valued at $164,000 after buying an additional 50 shares during the last quarter. Cetera Trust Company N.A lifted its holdings in shares of Honeywell International by 0.5% during the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after buying an additional 50 shares during the last quarter. Finally, Kennedy Investment Group lifted its holdings in shares of Honeywell International by 1.7% during the 1st quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate's stock valued at $639,000 after buying an additional 51 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Trading Down 0.4%

Shares of Honeywell International stock traded down $0.92 during trading hours on Monday, hitting $239.48. The company's stock had a trading volume of 540,401 shares, compared to its average volume of 3,839,998. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a 50 day moving average of $222.98 and a 200 day moving average of $215.91. The company has a market capitalization of $153.91 billion, a PE ratio of 27.52, a price-to-earnings-growth ratio of 2.75 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 (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.25 earnings per share. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid 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 yield of 1.89%. Honeywell International's dividend payout ratio is 51.95%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HON shares. Mizuho raised their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. raised their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a research note on Wednesday, June 25th. Wells Fargo & Company raised their price objective on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 1st. Finally, Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight 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 stock. According to data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and a consensus target price of $250.29.

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.