City Holding Co. Sells 305 Shares of Honeywell International Inc. (NASDAQ:HON)

City Holding Co. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% during the 1st quarter, Holdings Channel reports. The firm owned 11,940 shares of the conglomerate’s stock after selling 305 shares during the period. City Holding Co.’s holdings in Honeywell International were worth $2,528,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HON. Capital World Investors bought a new position in Honeywell International in the fourth quarter valued at approximately $1,594,216,000. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International in the 4th quarter valued at $435,786,000. ING Groep NV lifted its position in shares of Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after buying an additional 1,574,376 shares during the last quarter. GAMMA Investing LLC grew its position in Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock valued at $2,809,110,000 after acquiring an additional 1,320,295 shares during the last quarter. Finally, Cibc World Markets Corp raised its stake in Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after acquiring an additional 1,018,099 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Up 0.9%

Shares of HON stock opened at $228.78 on Monday. The stock has a 50-day moving average of $210.44 and a 200-day moving average of $216.08. 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 stock has a market cap of $147.03 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter last year, the business earned $2.25 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. On average, equities research analysts forecast 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 issued a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 1.98%. Honeywell International’s payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Barclays dropped their price objective on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Wells Fargo & Company upped their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 30th. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Finally, Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Eight research 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’s stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $248.14.

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.