Grimes & Company Inc. Lowers Stock Position in Honeywell International Inc. (NASDAQ:HON)

Grimes & Company Inc. trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,464 shares of the conglomerate’s stock after selling 55 shares during the period. Grimes & Company Inc.’s holdings in Honeywell International were worth $1,580,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Stockman Wealth Management Inc. increased its position in shares of Honeywell International by 6.5% in the first quarter. Stockman Wealth Management Inc. now owns 50,042 shares of the conglomerate’s stock worth $10,596,000 after acquiring an additional 3,060 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in shares of Honeywell International by 1.2% during the 1st quarter. QRG Capital Management Inc. now owns 74,916 shares of the conglomerate’s stock valued at $15,864,000 after acquiring an additional 864 shares in the last quarter. Shikiar Asset Management Inc. boosted its position in Honeywell International by 20.1% during the 1st quarter. Shikiar Asset Management Inc. now owns 47,968 shares of the conglomerate’s stock worth $10,157,000 after purchasing an additional 8,035 shares during the period. Great Lakes Retirement Inc. increased its holdings in Honeywell International by 3.1% in the 1st quarter. Great Lakes Retirement Inc. now owns 43,660 shares of the conglomerate’s stock valued at $9,245,000 after purchasing an additional 1,315 shares in the last quarter. Finally, Sowell Financial Services LLC raised its position in Honeywell International by 12.0% in the first quarter. Sowell Financial Services LLC now owns 11,351 shares of the conglomerate’s stock valued at $2,404,000 after purchasing an additional 1,220 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $221.79 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm’s 50-day simple moving average is $214.63 and its 200-day simple moving average is $215.92. The firm has a market cap of $142.54 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. The company 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 36.19% and a net margin of 14.51%. Honeywell International’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.25 EPS. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup boosted their price objective on Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Wells Fargo & Company raised their target price on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday, May 15th. Royal Bank Of Canada increased their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Finally, Barclays reduced their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus 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.