Steward Partners Investment Advisory LLC cut its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,264 shares of the conglomerate’s stock after selling 74 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Honeywell International were worth $4,968,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Honeywell International by 12,075.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 22,167,754 shares of the conglomerate’s stock worth $168,000 after purchasing an additional 21,985,685 shares during the last quarter. 1832 Asset Management L.P. acquired a new stake in shares of Honeywell International during the 4th quarter worth about $260,607,000. Millennium Management LLC boosted its stake in shares of Honeywell International by 146.7% during the 4th quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock worth $290,691,000 after purchasing an additional 1,308,339 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Honeywell International by 117.8% during the 4th quarter. Two Sigma Advisers LP now owns 1,416,434 shares of the conglomerate’s stock worth $187,139,000 after purchasing an additional 766,200 shares during the last quarter. Finally, Bahl & Gaynor Inc. boosted its stake in shares of Honeywell International by 51.3% during the 4th quarter. Bahl & Gaynor Inc. now owns 1,642,620 shares of the conglomerate’s stock worth $217,023,000 after purchasing an additional 557,009 shares during the last quarter. 75.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of HON stock traded up $0.75 during mid-day trading on Friday, reaching $174.59. 3,551,260 shares of the company were exchanged, compared to its average volume of 2,265,964. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $177.36. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $127.06 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.32 and a beta of 1.11. The company has a 50 day moving average price of $170.40.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, May 23rd. Honeywell International’s dividend payout ratio is presently 40.95%.
Several equities research analysts have issued reports on the stock. Credit Suisse Group raised their price target on shares of Honeywell International from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $181.00 price objective on the stock in a report on Monday, April 8th. Morgan Stanley raised their price target on shares of Honeywell International from $165.00 to $183.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Deutsche Bank raised their price target on shares of Honeywell International from $174.00 to $187.00 and gave the company a “buy” rating in a report on Monday, April 22nd. Finally, ValuEngine upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $175.57.
In other Honeywell International news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction on Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.73% of the company’s stock.
Honeywell International Profile
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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