Honeywell International Inc. (NASDAQ:HON) Stock Position Lessened by Fifth Third Bancorp

Fifth Third Bancorp reduced its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 561,004 shares of the conglomerate's stock after selling 40,378 shares during the quarter. Fifth Third Bancorp owned about 0.09% of Honeywell International worth $115,146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its position in shares of Honeywell International by 2.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 334,444 shares of the conglomerate's stock worth $61,785,000 after purchasing an additional 7,397 shares in the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of Honeywell International by 10.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,116 shares of the conglomerate's stock valued at $760,000 after buying an additional 379 shares during the period. First United Bank & Trust grew its holdings in shares of Honeywell International by 0.6% during the 3rd quarter. First United Bank & Trust now owns 12,770 shares of the conglomerate's stock valued at $2,359,000 after acquiring an additional 78 shares in the last quarter. Talbot Financial LLC increased its stake in shares of Honeywell International by 35.8% in the third quarter. Talbot Financial LLC now owns 53,340 shares of the conglomerate's stock worth $9,854,000 after acquiring an additional 14,065 shares during the last quarter. Finally, Hanson & Doremus Investment Management raised its holdings in shares of Honeywell International by 4.7% during the third quarter. Hanson & Doremus Investment Management now owns 14,077 shares of the conglomerate's stock worth $2,601,000 after acquiring an additional 633 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a "hold" rating to a "buy" rating and raised their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. StockNews.com lowered shares of Honeywell International from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Royal Bank of Canada reduced their price objective on shares of Honeywell International from $210.00 to $209.00 and set a "sector perform" rating for the company in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $215.71.

Insider Transactions at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business's stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Darius Adamczyk sold 25,500 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $1.66 during trading hours on Thursday, hitting $193.64. 3,417,631 shares of the stock were exchanged, compared to its average volume of 3,043,677. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The company's 50 day moving average is $197.76 and its 200 day moving average is $196.51. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The firm has a market capitalization of $126.10 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.22 and a beta of 1.02.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to analysts' expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.07 earnings per share. On average, research analysts expect that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a $1.08 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. Honeywell International's dividend payout ratio is 50.06%.

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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