Chris Bulman Inc Sells 794 Shares of Honeywell International Inc. (NASDAQ:HON)

Chris Bulman Inc cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 26.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,165 shares of the conglomerate’s stock after selling 794 shares during the quarter. Chris Bulman Inc’s holdings in Honeywell International were worth $458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alpha Omega Wealth Management LLC grew its stake in shares of Honeywell International by 1.4% in the first quarter. Alpha Omega Wealth Management LLC now owns 6,159 shares of the conglomerate’s stock worth $1,304,000 after acquiring an additional 83 shares during the last quarter. Bard Financial Services Inc. grew its position in Honeywell International by 4.9% during the 1st quarter. Bard Financial Services Inc. now owns 17,719 shares of the conglomerate’s stock valued at $3,752,000 after purchasing an additional 825 shares during the last quarter. USA Financial Formulas increased its stake in Honeywell International by 18.5% during the 1st quarter. USA Financial Formulas now owns 6,712 shares of the conglomerate’s stock valued at $1,421,000 after purchasing an additional 1,048 shares in the last quarter. CX Institutional lifted its stake in shares of Honeywell International by 46.1% in the first quarter. CX Institutional now owns 66,728 shares of the conglomerate’s stock worth $14,130,000 after buying an additional 21,061 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Honeywell International by 1.8% during the first quarter. Assenagon Asset Management S.A. now owns 19,698 shares of the conglomerate’s stock valued at $4,171,000 after buying an additional 340 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.4%

HON opened at $226.26 on Wednesday. The stock has a fifty day moving average price of $211.06 and a 200-day moving average price of $216.13. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. 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 firm has a market cap of $145.41 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (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 return on equity of 35.78% and a net margin of 14.82%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.25 earnings per share. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal 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 given a $1.13 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

Analysts Set New Price Targets

A number of equities research analysts have commented on HON shares. Mizuho lifted their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, May 16th. Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Wells Fargo & Company increased their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Royal Bank of Canada boosted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 30th. Finally, Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Eight equities 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.