Honeywell International Inc. (NASDAQ:HON) Shares Sold by Randolph Co Inc

Randolph Co Inc trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,046 shares of the conglomerate’s stock after selling 436 shares during the period. Honeywell International accounts for approximately 3.9% of Randolph Co Inc’s holdings, making the stock its 9th largest holding. Randolph Co Inc’s holdings in Honeywell International were worth $33,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bar Harbor Wealth Management increased its holdings in 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 purchasing an additional 10,655 shares in the last quarter. Smithbridge Asset Management Inc. DE acquired a new stake in Honeywell International during the 1st quarter valued at $6,117,000. Albert D Mason Inc. increased its stake in shares of Honeywell International by 1.8% in the 1st quarter. Albert D Mason Inc. now owns 8,111 shares of the conglomerate’s stock valued at $1,718,000 after buying an additional 144 shares during the period. Quintet Private Bank Europe S.A. increased its stake in shares of Honeywell International by 12.9% in the 1st quarter. Quintet Private Bank Europe S.A. now owns 10,658 shares of the conglomerate’s stock valued at $2,257,000 after buying an additional 1,214 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its stake in shares of Honeywell International by 2.3% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 163,709 shares of the conglomerate’s stock valued at $34,665,000 after buying an additional 3,631 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.1%

Shares of Honeywell International stock opened at $226.05 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The business has a fifty day simple moving average of $212.52 and a 200 day simple moving average of $216.17. The stock has a market cap of $145.28 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. During the same period in the previous year, the firm earned $2.25 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current 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 paid a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. Honeywell International’s payout ratio is 51.95%.

Wall Street Analysts Forecast Growth

HON has been the subject of several research reports. Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Citigroup lifted their target price on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. lifted their target price on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Wall Street Zen raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Finally, Bank of America raised 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 issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.14.

About Honeywell International

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.