Deutsche Bank AG Lowers Stake in Honeywell International Inc. (NASDAQ:HON)

Deutsche Bank AG trimmed its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 15.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,564,603 shares of the conglomerate's stock after selling 289,974 shares during the quarter. Deutsche Bank AG owned about 0.24% of Honeywell International worth $353,428,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Capital World Investors acquired a new position in shares of Honeywell International in the fourth quarter worth $1,594,216,000. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International in the 4th quarter valued at $435,786,000. ING Groep NV increased its holdings in Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after buying an additional 1,574,376 shares during the last quarter. Cibc World Markets Corp raised its stake in Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after buying an additional 1,018,099 shares in the last quarter. Finally, Demars Financial Group LLC purchased a new stake in Honeywell International during the 4th quarter worth about $155,407,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $6.31 during midday trading on Monday, hitting $219.34. The company had a trading volume of 4,031,949 shares, compared to its average volume of 3,752,674. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The business has a 50-day simple moving average of $205.26 and a two-hundred day simple moving average of $215.34. The firm has a market capitalization of $140.97 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the business earned $2.25 earnings per share. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's payout ratio is currently 51.95%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HON. JPMorgan Chase & Co. lowered their price target on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Citigroup lowered their price objective on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada raised their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Barclays lowered their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Finally, Morgan Stanley raised their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $242.23.

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.