Fifth Third Bancorp Has $109.02 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Fifth Third Bancorp cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 514,857 shares of the conglomerate’s stock after selling 17,188 shares during the period. Fifth Third Bancorp owned 0.08% of Honeywell International worth $109,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC grew its stake in shares of Honeywell International by 72.0% during the 1st quarter. Simon Quick Advisors LLC now owns 7,523 shares of the conglomerate’s stock worth $1,593,000 after acquiring an additional 3,149 shares in the last quarter. Alpha Omega Wealth Management LLC grew its stake in shares of Honeywell International by 1.4% during the 1st 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 in the last quarter. Bard Financial Services Inc. grew its stake in shares of Honeywell International by 4.9% during the 1st quarter. Bard Financial Services Inc. now owns 17,719 shares of the conglomerate’s stock worth $3,752,000 after acquiring an additional 825 shares in the last quarter. USA Financial Formulas grew its stake in shares of Honeywell International by 18.5% during the 1st quarter. USA Financial Formulas now owns 6,712 shares of the conglomerate’s stock worth $1,421,000 after acquiring an additional 1,048 shares in the last quarter. Finally, CX Institutional grew its stake in shares of Honeywell International by 46.1% during the 1st quarter. CX Institutional now owns 66,728 shares of the conglomerate’s stock worth $14,130,000 after acquiring an additional 21,061 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HON. Wells Fargo & Company increased their price objective on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday, April 30th. Citigroup increased their price objective on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Mizuho increased their price objective on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 16th. Bank of America raised Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Eight 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. According to MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $248.14.

Honeywell International Stock Performance

NASDAQ:HON opened at $225.82 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock’s 50 day simple moving average is $211.75 and its two-hundred day simple moving average is $216.20. The company has a market cap of $145.13 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its 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 firm 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 revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 EPS. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal 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 paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Honeywell International 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.