Strategy Asset Managers LLC Has $6.87 Million Position in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Strategy Asset Managers LLC reduced its stake in Honeywell International Inc. by 4.8%, now holding a position valued at approximately $6.87 million, making it the fund's 19th largest holding.
• Several analysts have adjusted their price targets for Honeywell International, with Barclays raising it to $265 and Wells Fargo lowering it to $230, reflecting varying outlooks on the stock's performance.
• Honeywell International recently announced a quarterly dividend of $1.13 per share, yielding approximately 2.0%, with a payout ratio of 51.42%.

Strategy Asset Managers LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.8% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 32,423 shares of the conglomerate's stock after selling 1,645 shares during the period. Honeywell International makes up 1.4% of Strategy Asset Managers LLC's investment portfolio, making the stock its 19th biggest holding. Strategy Asset Managers LLC's holdings in Honeywell International were worth $6,866,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in HON. Vanguard Group Inc. raised its position in Honeywell International by 0.7% in the first quarter. Vanguard Group Inc. now owns 62,209,455 shares of the conglomerate's stock worth $13,172,852,000 after purchasing an additional 447,744 shares in the last quarter. Capital World Investors acquired a new position in Honeywell International in the fourth quarter worth about $1,594,216,000. Capital Research Global Investors raised its position in Honeywell International by 5.5% in 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 in the last quarter. Northern Trust Corp raised its position in Honeywell International by 5.7% in the fourth quarter. Northern Trust Corp now owns 6,253,570 shares of the conglomerate's stock worth $1,412,619,000 after purchasing an additional 337,199 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Honeywell International by 9.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,038,080 shares of the conglomerate's stock worth $1,278,563,000 after purchasing an additional 505,083 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on HON. Barclays increased their price target on shares of Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $240.00 to $230.00 and set an "equal weight" rating for the company in a report on Friday, July 25th. Mizuho raised their price objective 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. 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 report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Eight equities research 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.com, Honeywell International currently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Price Performance

Shares of HON stock opened at $221.06 on Wednesday. The firm's 50 day moving average price is $229.11 and its two-hundred day moving average price is $217.04. The stock has a market cap of $140.35 billion, a PE ratio of 25.15, a PEG ratio of 2.49 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $179.36 and a 52-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.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. The company had revenue of $10.35 billion for the quarter, compared to analysts' expectations of $10.01 billion. Honeywell International had a net margin of 14.30% and a return on equity of 37.37%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $2.49 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio (DPR) is currently 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.

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