Chesley Taft & Associates LLC Sells 25,230 Shares of Honeywell International Inc. (NASDAQ:HON)

Chesley Taft & Associates LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 19.9% in the first quarter, HoldingsChannel reports. The fund owned 101,620 shares of the conglomerate’s stock after selling 25,230 shares during the period. Honeywell International makes up about 1.0% of Chesley Taft & Associates LLC’s portfolio, making the stock its 28th biggest position. Chesley Taft & Associates LLC’s holdings in Honeywell International were worth $21,518,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock worth $13,951,353,000 after acquiring an additional 380,299 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock valued at $3,379,568,000 after acquiring an additional 627,422 shares during the last quarter. Capital World Investors purchased a new stake in shares of Honeywell International during the fourth quarter worth about $1,594,216,000. Bank of New York Mellon Corp grew its stake in shares of Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock worth $1,527,867,000 after purchasing an additional 631,761 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate’s stock valued at $1,500,141,000 after purchasing an additional 346,190 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HON shares. Barclays dropped their price objective on Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a report on Wednesday, April 30th. Citigroup upped their target price on Honeywell International from $242.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley lifted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Royal Bank of Canada raised their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 30th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $248.14.

Honeywell International Stock Performance

Shares of HON opened at $227.45 on Thursday. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The stock has a market cap of $146.18 billion, a P/E ratio of 26.11, a P/E/G ratio of 2.51 and a beta of 1.07. The business’s 50 day moving average price is $209.84 and its 200-day moving average price is $216.23. 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 (NASDAQ:HON) last posted 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. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same quarter last year, the company earned $2.25 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. 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 will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 1.99%. The ex-dividend date is Friday, May 16th. Honeywell International’s dividend payout ratio is currently 51.95%.

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.