Mmbg Investment Advisors CO. Sells 6,580 Shares of Honeywell International Inc. (NASDAQ:HON)

Mmbg Investment Advisors CO. lessened its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 53.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,664 shares of the conglomerate's stock after selling 6,580 shares during the quarter. Mmbg Investment Advisors CO.'s holdings in Honeywell International were worth $1,279,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock valued at $13,951,353,000 after buying an additional 380,299 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares in the last quarter. Capital World Investors acquired a new position in Honeywell International in the fourth quarter valued at about $1,594,216,000. Bank of New York Mellon Corp raised its position in Honeywell International by 10.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after acquiring an additional 631,761 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in Honeywell International by 5.5% in the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

HON has been the topic of a number of recent analyst reports. Bank of America raised 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 lifted their target price on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Royal Bank of Canada increased their price target on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International has an average rating of "Moderate Buy" and a consensus target price of $242.23.

Honeywell International Stock Performance

Shares of HON stock opened at $213.03 on Monday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm has a market capitalization of $136.91 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.51 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The business's 50-day moving average price is $205.26 and its 200-day moving average price is $215.34.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Honeywell International's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.25 EPS. Equities research analysts forecast 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 will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.12%. Honeywell International's payout ratio is presently 51.95%.

About Honeywell International

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.

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