Honeywell International Inc. (NASDAQ:HON) Shares Sold by Rathbones Group PLC

Key Points

• Rathbones Group PLC reduced its stake in Honeywell International by 7.4%, owning approximately 520,818 shares valued at $110.28 million after selling 41,655 shares in the first quarter.
• Several investors, including OVERSEA CHINESE BANKING Corp Ltd, significantly increased their stakes in Honeywell during the same period, with OVERSEA CHINESE raising its stake by 592.0%.
• Honeywell reported $2.75 EPS for the last quarter, exceeding analyst estimates, and it announced a quarterly dividend of $1.13 per share, yielding 2.1%.

Rathbones Group PLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 520,818 shares of the conglomerate's stock after selling 41,655 shares during the quarter. Rathbones Group PLC owned approximately 0.08% of Honeywell International worth $110,283,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HON. Capital World Investors purchased a new stake in shares of Honeywell International in the 4th quarter worth about $1,594,216,000. Nuveen LLC purchased a new stake in shares of Honeywell International in the 1st quarter worth about $1,150,929,000. GAMMA Investing LLC boosted its position in shares of Honeywell International by 20,894.0% in the 1st quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after buying an additional 1,320,295 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of Honeywell International by 592.0% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock worth $183,728,000 after buying an additional 742,281 shares in the last quarter. Finally, Demars Financial Group LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth about $155,407,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.7%

HON traded down $1.43 on Friday, reaching $216.77. 2,740,896 shares of the company's stock were exchanged, compared to its average volume of 3,965,734. The company's 50 day moving average is $227.72 and its 200-day moving average is $216.75. The company has a market cap of $137.63 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 2.46 and a beta of 1.08. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.97 and a current ratio of 1.29.

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

Honeywell International Announces Dividend

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 given 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 (DPR) is presently 51.42%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HON shares. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. Morgan Stanley upped their target price on shares of Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, May 7th. Barclays upped their target price 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. Finally, Royal Bank Of Canada reduced their target price 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. 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's stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $254.00.

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.