Boston Partners Trims Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Boston Partners reduced its holdings in Honeywell International by 3.4%, selling 102,757 shares and leaving it with approximately 2.89 million shares valued at $610.2 million.
• Several institutional investors made changes to their positions in Honeywell, with OVERSEA CHINESE BANKING Corp Ltd significantly increasing its stake by 592.0% during the first quarter.
• Honeywell International reported earnings of $2.75 per share for the last quarter, exceeding estimates, along with a quarterly revenue increase of 8.1% year-over-year.

Boston Partners cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,891,877 shares of the conglomerate's stock after selling 102,757 shares during the period. Boston Partners owned about 0.45% of Honeywell International worth $610,228,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Maia Wealth LLC boosted its holdings in shares of Honeywell International by 4.1% in the 1st quarter. Maia Wealth LLC now owns 1,189 shares of the conglomerate's stock valued at $238,000 after acquiring an additional 47 shares during the last quarter. Kirtland Hills Capital Management LLC boosted its holdings in shares of Honeywell International by 1.1% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 4,424 shares of the conglomerate's stock valued at $870,000 after acquiring an additional 48 shares during the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in shares of Honeywell International by 0.6% in the 1st quarter. Sound View Wealth Advisors Group LLC now owns 8,769 shares of the conglomerate's stock valued at $1,857,000 after acquiring an additional 48 shares during the last quarter. Gateway Wealth Partners LLC boosted its holdings in shares of Honeywell International by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate's stock valued at $433,000 after acquiring an additional 49 shares during the last quarter. Finally, Cetera Trust Company N.A boosted its holdings in shares of Honeywell International by 0.5% in the 1st quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate's stock valued at $2,218,000 after acquiring an additional 50 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Royal Bank Of Canada lowered their price target on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a report on Friday, July 25th. Mizuho increased their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Barclays increased their price objective on shares of Honeywell International from $258.00 to $265.00 and gave the company an "overweight" rating in a report on Wednesday, July 9th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Finally, Wells Fargo & Company decreased their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a report on Friday, July 25th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Stock Performance

HON stock traded down $1.43 on Friday, hitting $216.77. The company's stock had a trading volume of 2,740,896 shares, compared to its average volume of 3,965,734. The firm has a 50 day moving average of $227.72 and a two-hundred day moving average of $216.72. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock has a market cap of $137.63 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.45 and a beta of 1.08. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. Honeywell International's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.49 EPS. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International's dividend payout ratio is 51.42%.

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.