Lazard Freres Gestion S.A.S. Has $52.61 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Lazard Freres Gestion S.A.S. increased its stake in Honeywell International by 4.1%, raising its total shares to 248,452, which now represents 1.3% of its investment portfolio.
• Honeywell International reported a net margin of 14.30% and a return on equity of 37.37%, with quarterly revenue of $10.35 billion, exceeding expectations.
• The company announced a quarterly dividend of $1.13 per share, representing an annualized dividend yield of 2.02%, with a payout ratio of 51.42%.

Lazard Freres Gestion S.A.S. raised its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 248,452 shares of the conglomerate's stock after acquiring an additional 9,714 shares during the quarter. Honeywell International makes up approximately 1.3% of Lazard Freres Gestion S.A.S.'s portfolio, making the stock its 25th biggest position. Lazard Freres Gestion S.A.S.'s holdings in Honeywell International were worth $52,609,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HON. Mpwm Advisory Solutions LLC purchased a new stake in Honeywell International during the fourth quarter worth approximately $29,000. Accredited Wealth Management LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $34,000. Alexis Investment Partners LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $37,000. Banque de Luxembourg S.A. acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $38,000. Finally, Garde Capital Inc. acquired a new position in Honeywell International during the first quarter worth $42,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HON shares. Royal Bank Of Canada decreased their price objective on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday, July 25th. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Citigroup raised their price objective on Honeywell International from $242.00 to $265.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Morgan Stanley raised their price objective on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. Eight investment 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 stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Stock Performance

Honeywell International stock traded up $1.08 during trading hours on Thursday, hitting $223.24. The stock had a trading volume of 1,152,901 shares, compared to its average volume of 4,135,366. 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 market cap of $141.74 billion, a PE ratio of 25.39, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The company has a 50-day moving average of $229.35 and a two-hundred day moving average of $217.06. The company has a quick ratio of 0.97, a current ratio of 1.29 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 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The company had revenue of $10.35 billion during the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter last year, the company earned $2.49 EPS. Honeywell International's revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate 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. Investors of record on Friday, August 15th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.02%. The ex-dividend date is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is currently 51.42%.

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.