Honeywell International Inc. (NASDAQ:HON) Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. lowered its position in Honeywell International Inc. (NASDAQ:HON) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,701 shares of the conglomerate’s stock after selling 1,249 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Honeywell International were worth $5,866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bar Harbor Wealth Management lifted its position in shares of 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 acquiring an additional 10,655 shares during the period. Smithbridge Asset Management Inc. DE acquired a new stake in shares of Honeywell International during the 1st quarter valued at approximately $6,117,000. Albert D Mason Inc. lifted its position in shares of Honeywell International by 1.8% during the 1st quarter. Albert D Mason Inc. now owns 8,111 shares of the conglomerate’s stock valued at $1,718,000 after acquiring an additional 144 shares during the period. Quintet Private Bank Europe S.A. lifted its position in shares of Honeywell International by 12.9% during 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 acquiring an additional 1,214 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its stake in shares of Honeywell International by 2.3% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 163,709 shares of the conglomerate’s stock worth $34,665,000 after purchasing an additional 3,631 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.1%

Shares of NASDAQ HON opened at $226.05 on Friday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm has a fifty day moving average of $212.52 and a 200-day moving average of $216.17. The stock has a market capitalization of $145.28 billion, a PE ratio of 25.95, a P/E/G ratio of 2.51 and a beta of 1.08. 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 announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (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 company 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 company earned $2.25 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.00%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HON shares. Wall Street Zen raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 15th. Citigroup raised their price objective on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Mizuho raised their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 16th. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a research note on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus 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.