Honeywell International Inc. (NASDAQ:HON) Shares Sold by First City Capital Management Inc.

First City Capital Management Inc. lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,783 shares of the conglomerate’s stock after selling 209 shares during the quarter. First City Capital Management Inc.’s holdings in Honeywell International were worth $1,013,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Mainstream Capital Management LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $25,000. Avalon Trust Co raised its stake in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $29,000. Accredited Wealth Management LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $34,000. Finally, Curio Wealth LLC purchased a new position in Honeywell International during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

HON opened at $228.78 on Friday. The company has a 50-day moving average of $210.44 and a 200-day moving average of $216.22. The company has a market capitalization of $147.03 billion, a P/E ratio of 26.27, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter in the prior year, the firm earned $2.25 EPS. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Friday, May 16th. Honeywell International’s dividend payout ratio is presently 51.95%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HON shares. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Wells Fargo & Company raised their target price on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 30th. Barclays cut 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 note on Wednesday, April 30th. Royal Bank of Canada raised their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Eight investment 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, Honeywell International currently 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.