Longbow Finance SA Has $6.80 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Longbow Finance SA reduced its stake in Honeywell International by 17.7%, selling 6,894 shares during the first quarter, with remaining holdings valued at approximately $6.8 million.
• Honeywell reported a Q2 EPS of $2.75, exceeding analysts' expectations and showing an 8.1% revenue growth compared to the previous year, with total revenue of $10.35 billion.
• The company announced a quarterly dividend of $1.13 per share, resulting in an annualized dividend yield of 2.01% and a payout ratio of 51.95%.

Longbow Finance SA trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,101 shares of the conglomerate's stock after selling 6,894 shares during the quarter. Longbow Finance SA's holdings in Honeywell International were worth $6,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Honeywell International by 9.1% in the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after acquiring an additional 1,582 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $248,000. Zions Bancorporation N.A. grew its stake in shares of Honeywell International by 7.4% in the fourth quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate's stock worth $164,000 after acquiring an additional 50 shares during the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in shares of Honeywell International in the fourth quarter worth $777,000. Finally, Ausdal Financial Partners Inc. grew its stake in shares of Honeywell International by 82.0% in the fourth quarter. Ausdal Financial Partners Inc. now owns 2,202 shares of the conglomerate's stock worth $497,000 after acquiring an additional 992 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.1%

Honeywell International stock traded down $0.24 during mid-day trading on Friday, hitting $224.24. The stock had a trading volume of 5,645,057 shares, compared to its average volume of 3,343,010. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a 50-day simple moving average of $229.41 and a two-hundred day simple moving average of $216.97. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $144.11 billion, a PE ratio of 25.51, a P/E/G ratio of 2.52 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results 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 firm had revenue of $10.35 billion for the quarter, compared to analyst estimates of $10.01 billion. During the same quarter in the prior year, the firm posted $2.49 earnings per share. The company's quarterly revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.02%. Honeywell International's dividend payout ratio is presently 51.95%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HON. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Royal Bank Of Canada lowered their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating on the stock in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Mizuho boosted their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Finally, Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $252.00.

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.