Toroso Investments LLC lowered its stake in Honeywell International Inc. (NYSE:HON) by 6.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,675 shares of the conglomerate’s stock after selling 115 shares during the period. Toroso Investments LLC’s holdings in Honeywell International were worth $224,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Capital World Investors lifted its position in shares of Honeywell International by 58.3% during the 4th quarter. Capital World Investors now owns 19,100,608 shares of the conglomerate’s stock worth $3,380,808,000 after purchasing an additional 7,032,228 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Honeywell International by 34.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,862,901 shares of the conglomerate’s stock worth $516,818,000 after purchasing an additional 986,782 shares during the last quarter. State Street Corp lifted its position in shares of Honeywell International by 2.4% during the 4th quarter. State Street Corp now owns 29,784,808 shares of the conglomerate’s stock worth $5,271,911,000 after purchasing an additional 699,644 shares during the last quarter. Standard Life Aberdeen plc lifted its position in shares of Honeywell International by 110.6% during the 4th quarter. Standard Life Aberdeen plc now owns 1,203,184 shares of the conglomerate’s stock worth $212,964,000 after purchasing an additional 631,916 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Honeywell International by 17.4% during the 4th quarter. Janus Henderson Group PLC now owns 3,721,794 shares of the conglomerate’s stock worth $658,756,000 after purchasing an additional 551,364 shares during the last quarter. 77.14% of the stock is owned by institutional investors.
Several research firms recently weighed in on HON. JPMorgan Chase & Co. cut their price objective on Honeywell International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Tuesday, May 5th. Citigroup cut their price target on Honeywell International from $187.00 to $152.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Deutsche Bank cut Honeywell International from a “buy” rating to a “hold” rating and cut their price target for the company from $165.00 to $149.00 in a report on Monday, May 4th. Langenberg & Company reaffirmed a “buy” rating and issued a $165.00 price target on shares of Honeywell International in a report on Friday, May 1st. Finally, Barclays reaffirmed a “buy” rating and issued a $156.00 price target on shares of Honeywell International in a report on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $156.47.
Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, May 1st. The conglomerate reported $2.21 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.25. Honeywell International had a return on equity of 33.60% and a net margin of 17.38%. The company had revenue of $8.46 billion for the quarter, compared to analyst estimates of $8.56 billion. During the same period in the prior year, the company posted $1.92 EPS. The company’s revenue was down 4.7% compared to the same quarter last year. Sell-side analysts forecast that Honeywell International Inc. will post 6.93 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $3.60 annualized dividend and a dividend yield of 2.59%. Honeywell International’s dividend payout ratio is currently 44.12%.
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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