Honeywell International Inc. (NASDAQ:HON) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 25.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,168 shares of the conglomerate's stock after selling 67,801 shares during the period. Teacher Retirement System of Texas' holdings in Honeywell International were worth $43,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HON. LaFleur & Godfrey LLC raised its holdings in shares of Honeywell International by 40.7% in the 4th quarter. LaFleur & Godfrey LLC now owns 42,277 shares of the conglomerate's stock worth $9,550,000 after purchasing an additional 12,227 shares during the period. Brighton Jones LLC raised its holdings in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after purchasing an additional 1,582 shares during the period. SRS Capital Advisors Inc. raised its holdings in shares of Honeywell International by 47.2% in the 4th quarter. SRS Capital Advisors Inc. now owns 496 shares of the conglomerate's stock worth $112,000 after purchasing an additional 159 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $222,000. Finally, Mainstream Capital Management LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $25,000. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

HON has been the topic of a number of analyst reports. Barclays boosted their target price on shares of Honeywell International from $243.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, June 18th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Citigroup boosted 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, June 4th. Mizuho boosted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $226.00 price target on shares of Honeywell International in a report on Wednesday, June 25th. Eight research 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. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.29.

Honeywell International Trading Up 0.5%

NASDAQ:HON traded up $1.26 during mid-day trading on Friday, hitting $240.52. 1,903,189 shares of the stock traded hands, compared to its average volume of 3,853,027. The stock has a market capitalization of $154.57 billion, a price-to-earnings ratio of 27.65, a PEG ratio of 2.75 and a beta of 1.07. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm's 50 day moving average is $222.98 and its two-hundred day moving average is $216.06. The company has a quick ratio of 0.95, a current ratio of 1.25 and a debt-to-equity ratio of 1.43.

Honeywell International (NASDAQ:HON - Get Free Report) last issued 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 business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. 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 firm earned $2.25 EPS. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were paid 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 1.88%. Honeywell International's dividend payout ratio (DPR) is 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.