Honeywell International Inc. $HON Shares Sold by Northern Trust Corp

Key Points

• Northern Trust Corp has reduced its stake in Honeywell International by 3.2%, selling 200,879 shares and now holding 6,052,691 shares valued at approximately $1.28 billion.
• Honeywell International reported earnings of $2.75 per share for the last quarter, exceeding analyst estimates and reflecting an 8.1% year-over-year revenue growth of $10.35 billion.
• The company announced a quarterly dividend of $1.13 per share, with an ex-dividend date of August 15th, representing a dividend yield of 2.1%.

Northern Trust Corp lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,052,691 shares of the conglomerate's stock after selling 200,879 shares during the period. Northern Trust Corp owned 0.94% of Honeywell International worth $1,281,657,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Mpwm Advisory Solutions LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth $29,000. Pandora Wealth Inc. acquired a new position in shares of Honeywell International during the 1st quarter valued at about $33,000. Accredited Wealth Management LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $34,000. Banque de Luxembourg S.A. purchased a new position in Honeywell International during the fourth quarter worth about $38,000. Finally, Stone House Investment Management LLC acquired a new position in Honeywell International in the 1st quarter valued at about $41,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on HON shares. Citigroup raised their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley increased their price objective on Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Mizuho lifted their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday, May 7th. Finally, Wells Fargo & Company reduced 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 equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.

Honeywell International Price Performance

Shares of HON opened at $216.77 on Monday. The firm has a market capitalization of $137.63 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.45 and a beta of 1.08. The firm's fifty day simple moving average is $227.72 and its 200-day simple moving average is $216.67. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. 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 released its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. The business had revenue of $10.35 billion for the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The business's revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.49 EPS. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 annualized dividend and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is presently 51.42%.

Honeywell International Company 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.

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