Mizuho Securities USA LLC Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Mizuho Securities USA LLC reduced its stake in Honeywell International Inc. by 15.5% in the first quarter, holding 52,065 shares valued at approximately $11 million.
• Several institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have increased their stakes in Honeywell, indicating strong institutional support.
• Honeywell reported $2.75 earnings per share for the last quarter, beating estimates and showing a year-over-year revenue increase of 8.1%.

Mizuho Securities USA LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 15.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,065 shares of the conglomerate's stock after selling 9,564 shares during the period. Mizuho Securities USA LLC's holdings in Honeywell International were worth $11,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berger Financial Group Inc increased its stake in shares of Honeywell International by 1.9% during the first quarter. Berger Financial Group Inc now owns 5,345 shares of the conglomerate's stock worth $1,132,000 after purchasing an additional 101 shares during the period. Pandora Wealth Inc. acquired a new stake in Honeywell International during the first quarter worth approximately $33,000. Fiduciary Family Office LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at $218,000. Johnson Financial Group LLC acquired a new stake in shares of Honeywell International in the 1st quarter valued at $268,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Honeywell International during the 1st quarter valued at $6,947,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

NASDAQ:HON traded up $0.14 during midday trading on Monday, hitting $216.45. The company had a trading volume of 2,410,224 shares, compared to its average volume of 3,827,516. The stock's fifty day moving average price is $228.48 and its 200-day moving average price is $216.81. 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 Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a market capitalization of $137.42 billion, a PE ratio of 24.62, a P/E/G ratio of 2.44 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. During the same period in the prior year, the firm posted $2.49 earnings per share. The company's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Friday, August 15th will be issued a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 annualized dividend and a yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is 51.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HON shares. Mizuho raised their price objective on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Bank of America raised 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. 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. lifted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Finally, Royal Bank Of Canada lowered 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 research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.