Honeywell International Inc. (NASDAQ:HON) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 399,527 shares of the conglomerate’s stock after selling 1,948 shares during the period. Johnson Investment Counsel Inc. owned approximately 0.06% of Honeywell International worth $85,315,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 purchasing an additional 1,746,759 shares during the period. Northern Trust Corp grew its stake in shares of Honeywell International by 0.3% during the fourth quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after acquiring an additional 17,591 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Honeywell International by 6.7% during the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after acquiring an additional 212,327 shares in the last quarter. Janus Henderson Group PLC lifted 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 purchasing an additional 202,358 shares during the last quarter. Finally, 1832 Asset Management L.P. lifted its position in shares of Honeywell International by 5.3% during the first quarter. 1832 Asset Management L.P. now owns 2,361,293 shares of the conglomerate’s stock worth $484,655,000 after purchasing an additional 117,940 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of a number of recent research reports. Morgan Stanley initiated coverage on shares of Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Citigroup raised their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $223.13.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $204.04 on Thursday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The firm has a market cap of $132.87 billion, a P/E ratio of 23.64, a P/E/G ratio of 2.25 and a beta of 1.03. The firm has a 50 day simple moving average of $205.80 and a 200 day simple moving average of $203.20. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.23 earnings per share. Sell-side analysts predict that Honeywell International Inc. will post 10.12 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a $1.08 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. 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.