Honeywell International Inc. (NASDAQ:HON) Shares Sold by S.E.E.D. Planning Group LLC

S.E.E.D. Planning Group LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 93.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,042 shares of the conglomerate’s stock after selling 41,312 shares during the quarter. S.E.E.D. Planning Group LLC’s holdings in Honeywell International were worth $644,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in HON. Capital World Investors purchased a new stake in Honeywell International in the 4th quarter worth approximately $1,594,216,000. Raymond James Financial Inc. purchased a new position in shares of Honeywell International during the 4th quarter worth $435,786,000. ING Groep NV boosted its holdings in shares of Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock valued at $2,809,110,000 after purchasing an additional 1,320,295 shares during the period. Finally, Cibc World Markets Corp grew its position in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $225.19 on Friday. 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 company has a market cap of $144.73 billion, a PE ratio of 25.85, a P/E/G ratio of 2.51 and a beta of 1.07. The company’s fifty day simple moving average is $208.74 and its 200-day simple moving average is $216.38. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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 return on equity of 35.78% and a net margin of 14.82%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company posted $2.25 earnings per share. The firm’s revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HON shares. Wall Street Zen upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday, May 15th. Barclays cut their price objective on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Royal Bank of Canada boosted their target price on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $245.57.

Honeywell International 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.