Teachers Retirement System of The State of Kentucky Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Teachers Retirement System of The State of Kentucky reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,792 shares of the conglomerate’s stock after selling 1,471 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Honeywell International were worth $11,273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD raised its stake in shares of Honeywell International by 32.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after acquiring an additional 1,899,373 shares in the last quarter. Capital Wealth Planning LLC acquired a new stake in Honeywell International in the second quarter valued at approximately $392,478,000. Natixis lifted its stake in Honeywell International by 184.8% in the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after acquiring an additional 544,175 shares during the last quarter. Capital Research Global Investors grew its holdings in Honeywell International by 20.4% during the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after acquiring an additional 539,644 shares in the last quarter. Finally, First Financial Bankshares Inc purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $72,580,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.3 %

HON stock opened at $206.07 on Wednesday. The company has a market cap of $134.19 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a fifty day moving average price of $202.94 and a 200 day moving average price of $203.81. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the prior year, the company earned $2.23 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a $1.13 dividend. This is an increase from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, November 15th. Honeywell International’s dividend payout ratio (DPR) is 52.38%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Morgan Stanley began coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price on the stock. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and upped their price target for the company from $175.00 to $215.00 in a report on Monday, June 10th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, Citigroup upped their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $223.13.

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.