Financiere des Professionnels Fonds d investissement inc. Has $3.80 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Financiere des Professionnels Fonds d investissement inc. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,922 shares of the conglomerate’s stock after selling 119 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Honeywell International were worth $3,795,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HON. Claris Advisors LLC MO raised its stake in shares of Honeywell International by 4.8% during the fourth quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate’s stock valued at $241,000 after acquiring an additional 49 shares during the last quarter. Avantax Planning Partners Inc. raised its stake in shares of Honeywell International by 1.4% during the fourth quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock valued at $777,000 after acquiring an additional 49 shares during the last quarter. Zions Bancorporation N.A. raised its stake in shares of Honeywell International by 7.4% during the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate’s stock valued at $164,000 after acquiring an additional 50 shares during the last quarter. Cetera Trust Company N.A raised its stake in shares of Honeywell International by 0.5% during the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate’s stock valued at $2,218,000 after acquiring an additional 50 shares during the last quarter. Finally, Kennedy Investment Group raised its stake in shares of Honeywell International by 1.7% during the first quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate’s stock valued at $639,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Up 0.5%

HON opened at $240.52 on Friday. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The company has a market cap of $154.57 billion, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 2.75 and a beta of 1.07. The company has a fifty day moving average price of $222.98 and a two-hundred day moving average price of $215.99.

Honeywell International (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.25 earnings per share. Analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date was Friday, May 16th. Honeywell International’s payout ratio is presently 51.95%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HON. Mizuho raised their price target on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Citigroup lifted their target price 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. Finally, Wells Fargo & Company lifted their target price on shares of Honeywell International from $225.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 1st. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $250.29.

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.