1832 Asset Management L.P. Sells 153,547 Shares of Honeywell International Inc. (NASDAQ:HON)

1832 Asset Management L.P. lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 6.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,207,746 shares of the conglomerate’s stock after selling 153,547 shares during the quarter. Honeywell International comprises about 0.4% of 1832 Asset Management L.P.’s holdings, making the stock its 28th biggest position. 1832 Asset Management L.P.’s holdings in Honeywell International were worth $471,442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HON. Price T Rowe Associates Inc. MD grew its position in shares of Honeywell International by 32.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after purchasing an additional 1,899,373 shares in the last quarter. Capital Wealth Planning LLC purchased a new stake in shares of Honeywell International during the second quarter worth about $392,478,000. Natixis grew its position in shares of Honeywell International by 184.8% during the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares in the last quarter. Capital Research Global Investors grew its position in shares of Honeywell International by 20.4% during the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after purchasing an additional 539,644 shares in the last quarter. Finally, First Financial Bankshares Inc purchased a new stake in shares of Honeywell International during the fourth quarter worth about $72,580,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on HON shares. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and increased their target price for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Morgan Stanley started coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, Royal Bank of Canada cut their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $203.35 on Friday. The stock has a market cap of $132.42 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The stock has a 50 day moving average price of $204.50 and a 200-day moving average price of $203.46. Honeywell International Inc. has a one year low of $174.88 and a one year 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, topping analysts’ consensus estimates of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 EPS. Equities analysts expect that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

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.