DekaBank Deutsche Girozentrale lessened its holdings in Honeywell International Inc. (NYSE:HON) by 6.8% during the second quarter, HoldingsChannel.com reports. The firm owned 412,827 shares of the conglomerate’s stock after selling 30,255 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Honeywell International were worth $72,191,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. SevenBridge Financial Group LLC increased its holdings in Honeywell International by 0.5% during the second quarter. SevenBridge Financial Group LLC now owns 11,535 shares of the conglomerate’s stock worth $2,014,000 after buying an additional 60 shares during the last quarter. Claro Advisors LLC increased its holdings in Honeywell International by 0.8% during the second quarter. Claro Advisors LLC now owns 7,794 shares of the conglomerate’s stock worth $1,361,000 after buying an additional 60 shares during the last quarter. Claraphi Advisory Network LLC increased its holdings in Honeywell International by 1.3% during the second quarter. Claraphi Advisory Network LLC now owns 4,853 shares of the conglomerate’s stock worth $847,000 after buying an additional 61 shares during the last quarter. Searle & CO. increased its holdings in Honeywell International by 0.3% during the first quarter. Searle & CO. now owns 19,648 shares of the conglomerate’s stock worth $3,122,000 after buying an additional 62 shares during the last quarter. Finally, Nwam LLC increased its holdings in Honeywell International by 1.5% during the second quarter. Nwam LLC now owns 4,503 shares of the conglomerate’s stock worth $786,000 after buying an additional 65 shares during the last quarter. 77.29% of the stock is currently owned by institutional investors and hedge funds.
HON has been the topic of several research reports. Citigroup set a $197.00 price objective on shares of Honeywell International and gave the company a “buy” rating in a report on Friday, July 19th. Cowen reiterated a “buy” rating and issued a $180.00 price objective on shares of Honeywell International in a report on Friday, August 2nd. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 price objective on the stock in a report on Monday, July 22nd. ValuEngine downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Barclays upped their price objective on shares of Honeywell International from $186.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Honeywell International currently has an average rating of “Buy” and an average price target of $184.08.
Shares of Honeywell International stock opened at $167.98 on Wednesday. The company has a 50-day simple moving average of $172.62. The company has a market capitalization of $119.92 billion, a PE ratio of 20.97, a PEG ratio of 2.22 and a beta of 1.09. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $178.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.96 and a current ratio of 1.19.
Honeywell International (NYSE:HON) last announced its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.08 by $0.02. The company had revenue of $9.24 billion during the quarter, compared to analysts’ expectations of $9.37 billion. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. Honeywell International’s quarterly revenue was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.12 earnings per share. Equities analysts anticipate that Honeywell International Inc. will post 8.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a $0.82 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.28 dividend on an annualized basis and a dividend yield of 1.95%. Honeywell International’s payout ratio is presently 40.95%.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.
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