KBC Group NV Has $10.80 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

KBC Group NV cut its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,006 shares of the conglomerate's stock after selling 2,680 shares during the quarter. KBC Group NV's holdings in Honeywell International were worth $10,801,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Honeywell International by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock valued at $13,951,353,000 after acquiring an additional 380,299 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Honeywell International by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after purchasing an additional 627,422 shares during the period. Capital World Investors acquired a new stake in Honeywell International in the 4th quarter valued at about $1,594,216,000. Capital Research Global Investors grew its holdings in Honeywell International by 5.5% during the fourth quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock worth $1,500,141,000 after purchasing an additional 346,190 shares during the period. Finally, Northern Trust Corp increased its position in Honeywell International by 5.7% during the fourth 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. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $226.00 price objective on shares of Honeywell International in a research report on Wednesday, June 25th. Citigroup increased their price target on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective for the company in a research report on Wednesday, May 7th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $225.00 to $240.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $250.29.

Honeywell International Stock Performance

Shares of HON stock traded up $0.49 on Wednesday, hitting $239.26. The company's stock had a trading volume of 4,102,571 shares, compared to its average volume of 3,832,073. The company has a market capitalization of $153.77 billion, a PE ratio of 27.50, a PEG ratio of 2.71 and a beta of 1.07. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.95 and a current ratio of 1.25. The stock's 50 day moving average is $220.52 and its 200-day moving average is $215.82.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a return on equity of 36.19% and a net margin of 14.51%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the prior year, the company posted $2.25 EPS. The company's revenue was up 7.9% compared to the same quarter last year. Equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 1.89%. Honeywell International's payout ratio is 51.95%.

Honeywell International 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.