Honeywell International Inc. (NASDAQ:HON) Stake Lowered by Howard Capital Management Inc.

Key Points

• Howard Capital Management Inc. has reduced its stake in Honeywell International by 13.1%, now holding approximately $3.58 million in shares after selling 2,541 shares.
• Honeywell recently reported a quarterly EPS of $2.75, exceeding analysts' expectations, with revenue rising to $10.35 billion, which is an 8.1% year-over-year increase.
• The company announced a quarterly dividend of $1.13, translating to an annual yield of 2.04%, with a dividend payout ratio of 51.42%.

Howard Capital Management Inc. lowered its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,890 shares of the conglomerate's stock after selling 2,541 shares during the period. Howard Capital Management Inc.'s holdings in Honeywell International were worth $3,576,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Honeywell International by 4.4% in the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after buying an additional 627,422 shares during the last quarter. Capital World Investors bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $1,594,216,000. Capital Research Global Investors boosted its position in Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after purchasing an additional 346,190 shares during the period. Northern Trust Corp grew its stake in Honeywell International by 5.7% during the 4th quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after buying an additional 337,199 shares during the last quarter. Finally, Invesco Ltd. increased its position in Honeywell International by 5.2% in the fourth quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate's stock worth $1,193,923,000 after buying an additional 263,188 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 1.9%

HON traded down $4.14 during trading on Friday, reaching $218.21. The company had a trading volume of 637,762 shares, compared to its average volume of 4,123,803. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The firm's 50-day simple moving average is $229.33 and its 200 day simple moving average is $217.08. The company has a market cap of $138.54 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.51 and a beta of 1.07. 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 issued its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business 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 firm earned $2.49 EPS. The firm's quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HON shares. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Thursday, May 15th. JPMorgan Chase & Co. boosted their target price on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Mizuho upped their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Morgan Stanley lifted their price target on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday. Finally, Barclays increased their price objective on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $254.00.

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.