Canada Pension Plan Investment Board Has $46.10 Million Position in Honeywell International Inc. (NASDAQ:HON)

Canada Pension Plan Investment Board cut its position in Honeywell International Inc. (NASDAQ:HON) by 70.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 215,877 shares of the conglomerate’s stock after selling 511,350 shares during the period. Canada Pension Plan Investment Board’s holdings in Honeywell International were worth $46,098,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Price T Rowe Associates Inc. MD raised its stake in Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares during the period. Northern Trust Corp raised its holdings in Honeywell International by 0.3% during the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock worth $1,352,867,000 after buying an additional 17,591 shares during the period. Capital Research Global Investors lifted its stake in Honeywell International by 6.7% in the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after buying an additional 212,327 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock valued at $630,086,000 after buying an additional 325,272 shares during the period. Finally, Janus Henderson Group PLC increased its position in shares of Honeywell International by 8.1% during the first quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock worth $553,880,000 after acquiring an additional 202,358 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HON shares. Citigroup boosted their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Wells Fargo & Company reduced their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Finally, UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $175.00 to $215.00 in a report on Monday, June 10th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $223.13.

Honeywell International Stock Performance

NASDAQ HON opened at $203.35 on Friday. The firm’s fifty day moving average price is $204.50 and its two-hundred day moving average price is $203.46. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The firm has a market capitalization of $132.42 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The company 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 business’s revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $2.23 earnings per share. As a group, research analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

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

Honeywell International Profile

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.