Honeywell International Inc. (NASDAQ:HON) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. reduced its position in Honeywell International Inc. (NASDAQ:HON) by 8.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 20,036 shares of the conglomerate’s stock after selling 1,823 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Honeywell International were worth $4,243,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Pullen Investment Management LLC lifted its stake in shares of Honeywell International by 57.9% in the 1st quarter. Pullen Investment Management LLC now owns 7,628 shares of the conglomerate’s stock valued at $1,615,000 after purchasing an additional 2,797 shares in the last quarter. West Branch Capital LLC raised its holdings in shares of Honeywell International by 18.5% during the 1st quarter. West Branch Capital LLC now owns 398 shares of the conglomerate’s stock valued at $84,000 after buying an additional 62 shares during the period. Marshall Financial Group LLC raised its holdings in shares of Honeywell International by 2.1% during the 1st quarter. Marshall Financial Group LLC now owns 4,325 shares of the conglomerate’s stock valued at $916,000 after buying an additional 91 shares during the period. Bar Harbor Wealth Management raised its holdings in shares of Honeywell International by 237.3% during the 1st quarter. Bar Harbor Wealth Management now owns 15,145 shares of the conglomerate’s stock valued at $3,207,000 after buying an additional 10,655 shares during the period. Finally, Smithbridge Asset Management Inc. DE purchased a new stake in shares of Honeywell International during the 1st quarter valued at about $6,117,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.8%

NASDAQ:HON opened at $224.29 on Friday. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The firm has a market capitalization of $144.15 billion, a P/E ratio of 25.75, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The business has a 50 day simple moving average of $213.35 and a 200 day simple moving average of $216.13.

Honeywell International (NASDAQ:HON) last announced 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. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter in the previous year, the firm posted $2.25 EPS. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. Equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Analyst Ratings Changes

HON has been the topic of several analyst reports. Barclays dropped their target price on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock 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. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Mizuho lifted their price objective on Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. Finally, Royal Bank of Canada lifted their price objective on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 30th. Eight equities 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, the stock presently has a consensus 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.