Natixis Advisors LLC Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Natixis Advisors LLC has reduced its stake in Honeywell International Inc. by 8.8%, owning 430,154 shares valued at approximately $91.08 million after selling over 41,000 shares.
• Honeywell reported a $2.75 EPS for the latest quarter, surpassing estimates, alongside an 8.1% year-over-year revenue growth with total revenue of $10.35 billion.
• The company announced a quarterly dividend of $1.13 per share, leading to an annualized dividend yield of 2.03% for its shareholders.

Natixis Advisors LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 430,154 shares of the conglomerate's stock after selling 41,617 shares during the period. Natixis Advisors LLC owned 0.07% of Honeywell International worth $91,085,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Capital World Investors acquired a new stake in shares of Honeywell International in the fourth quarter worth $1,594,216,000. GAMMA Investing LLC increased its stake in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate's stock worth $2,809,110,000 after acquiring an additional 1,320,295 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its stake in shares of Honeywell International by 592.0% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 867,665 shares of the conglomerate's stock worth $183,728,000 after acquiring an additional 742,281 shares during the period. Demars Financial Group LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $155,407,000. Finally, Leigh Baldwin & CO. LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $123,294,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HON shares. Wells Fargo & Company cut their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating on the stock in a research note on Friday, July 25th. Citigroup increased their price target on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Mizuho increased their price target on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Morgan Stanley increased their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. increased 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. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Stock Down 2.1%

Shares of HON traded down $4.64 during mid-day trading on Friday, hitting $217.71. 3,966,403 shares of the company's stock were exchanged, compared to its average volume of 3,511,697. The company has a market cap of $138.22 billion, a price-to-earnings ratio of 24.77, a P/E/G ratio of 2.46 and a beta of 1.08. 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 1.81, a quick ratio of 0.97 and a current ratio of 1.29. The stock's 50-day moving average is $229.24 and its 200-day moving average is $217.08.

Honeywell International (NASDAQ:HON - Get Free Report) last issued 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 net margin of 14.30% and a return on equity of 37.37%. The firm had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. During the same quarter last year, the company earned $2.49 earnings per share. The firm's revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Honeywell International Company 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.