Slow Capital Inc. Sells 3,354 Shares of Honeywell International Inc. (NASDAQ:HON)

Slow Capital Inc. lessened its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 17.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,718 shares of the conglomerate's stock after selling 3,354 shares during the period. Slow Capital Inc.'s holdings in Honeywell International were worth $3,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. World Investment Advisors raised its position in shares of Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after purchasing an additional 12,969 shares during the period. Schroder Investment Management Group raised its position in shares of Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after purchasing an additional 10,092 shares during the period. Red Door Wealth Management LLC raised its position in shares of Honeywell International by 2.6% during the first quarter. Red Door Wealth Management LLC now owns 29,090 shares of the conglomerate's stock worth $6,160,000 after purchasing an additional 736 shares during the period. Potomac Fund Management Inc. ADV acquired a new stake in shares of Honeywell International during the fourth quarter worth $1,722,000. Finally, Petros Family Wealth LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $383,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 0.4%

Honeywell International stock traded up $0.99 during mid-day trading on Thursday, hitting $237.87. 569,896 shares of the company's stock were exchanged, compared to its average volume of 3,848,536. The firm has a market capitalization of $152.88 billion, a P/E ratio of 27.37, a PEG ratio of 2.67 and a beta of 1.07. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43. The company's 50 day simple moving average is $227.27 and its 200-day simple moving average is $216.56.

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

Honeywell International Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 1.90%. Honeywell International's payout ratio is 51.95%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HON shares. Wells Fargo & Company upped their price target on Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 1st. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Mizuho upped their price target on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Barclays increased their price target on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Eight 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. Based on data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and an average price target 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.