Chris Bulman Inc Sells 794 Shares of Honeywell International Inc. (NASDAQ:HON)

Chris Bulman Inc lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 26.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,165 shares of the conglomerate’s stock after selling 794 shares during the quarter. Chris Bulman Inc’s holdings in Honeywell International were worth $458,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Mainstream Capital Management LLC bought a new position in Honeywell International during the fourth quarter worth $25,000. Avalon Trust Co raised its holdings in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Mpwm Advisory Solutions LLC bought a new position in shares of Honeywell International during the 4th quarter worth about $29,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $34,000. Finally, Curio Wealth LLC bought a new stake in Honeywell International in the 4th quarter valued at about $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HON has been the topic of several recent research reports. JPMorgan Chase & Co. increased their price target on Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Barclays decreased their price target on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Royal Bank of Canada lifted their price objective 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. Finally, Morgan Stanley upped their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Eight equities research 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 stock. According to MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $248.14.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $226.26 on Wednesday. The company has a market capitalization of $145.41 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company’s 50-day moving average is $211.06 and its 200 day moving average is $216.13. 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 Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share 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 for the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter last year, the company posted $2.25 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a $1.13 dividend. The ex-dividend date was Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.00%. Honeywell International’s 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.