MV Capital Management Inc. Has $108,000 Holdings in Honeywell International Inc. (NASDAQ:HON)

MV Capital Management Inc. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 16.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 511 shares of the conglomerate’s stock after selling 99 shares during the quarter. MV Capital Management Inc.’s holdings in Honeywell International were worth $108,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HON. Vanguard Group Inc. boosted its holdings in shares of Honeywell International by 0.6% during the fourth 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 period. Geode Capital Management LLC lifted its stake in shares of Honeywell International by 4.4% in the 4th 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 bought a new position in shares of Honeywell International in the 4th quarter valued at $1,594,216,000. Bank of New York Mellon Corp lifted its stake in shares of Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after acquiring an additional 631,761 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in shares of Honeywell International by 5.5% in 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 acquiring an additional 346,190 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. 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. 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. Barclays decreased 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 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. Finally, 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. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $248.14.

Honeywell International Stock Down 0.2%

Honeywell International stock opened at $225.82 on Thursday. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The firm has a market capitalization of $145.13 billion, a price-to-earnings ratio of 25.93, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm has a 50 day simple moving average of $211.75 and a 200 day simple moving average of $216.20.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s dividend payout ratio is currently 51.95%.

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.