Godsey & Gibb Inc. Sells 167 Shares of Honeywell International Inc. (NASDAQ:HON)

Godsey & Gibb Inc. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,673 shares of the conglomerate’s stock after selling 167 shares during the period. Godsey & Gibb Inc.’s holdings in Honeywell International were worth $354,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Persium Advisors LLC increased its holdings in Honeywell International by 3.7% during the 1st quarter. Persium Advisors LLC now owns 3,007 shares of the conglomerate’s stock worth $637,000 after purchasing an additional 106 shares during the period. Successful Portfolios LLC increased its holdings in Honeywell International by 1.3% during the 1st quarter. Successful Portfolios LLC now owns 7,970 shares of the conglomerate’s stock worth $1,688,000 after purchasing an additional 100 shares during the period. Stokes Capital Advisors LLC increased its holdings in Honeywell International by 1.0% during the 1st quarter. Stokes Capital Advisors LLC now owns 37,163 shares of the conglomerate’s stock worth $7,869,000 after purchasing an additional 383 shares during the period. Blue Zone Wealth Advisors LLC increased its holdings in Honeywell International by 7.9% during the 1st quarter. Blue Zone Wealth Advisors LLC now owns 23,089 shares of the conglomerate’s stock worth $4,889,000 after purchasing an additional 1,686 shares during the period. Finally, Impact Capital Partners LLC increased its holdings in Honeywell International by 5.3% during the 1st quarter. Impact Capital Partners LLC now owns 8,815 shares of the conglomerate’s stock worth $1,867,000 after purchasing an additional 443 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Up 0.9%

Honeywell International stock opened at $228.78 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The business’s 50-day simple moving average is $210.44 and its two-hundred day simple moving average is $216.22. The company has a market cap of $147.03 billion, a PE ratio of 26.27, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 35.78% and a net margin of 14.82%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.25 EPS. Equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders 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 dividend yield of 1.98%. Honeywell International’s payout ratio is 51.95%.

Analysts Set New Price Targets

Several research firms have commented on HON. Wells Fargo & Company raised their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Finally, Mizuho lifted 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. Eight research 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $248.14.

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.