TD Asset Management Inc Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Key Points

• TD Asset Management Inc has reduced its stake in Honeywell International Inc. by 1.7%, now holding approximately 330,161 shares valued at around $69.9 million as of its latest SEC filing.
• Several other institutional investors have increased their positions in Honeywell, indicating strong interest in the stock, with institutional ownership now at 75.91%.
• Analysts have mixed ratings for Honeywell, with a consensus target price of $252.00, reflecting expectations for continued growth despite some firms lowering their price objectives.

TD Asset Management Inc reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 330,161 shares of the conglomerate's stock after selling 5,830 shares during the quarter. TD Asset Management Inc owned approximately 0.05% of Honeywell International worth $69,912,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of HON. Brighton Jones LLC raised its holdings in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after buying an additional 1,582 shares during the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Honeywell International by 51.0% in the fourth quarter. Loomis Sayles & Co. L P now owns 311 shares of the conglomerate's stock valued at $70,000 after purchasing an additional 105 shares during the last quarter. RiverFront Investment Group LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $217,000. Allianz SE purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $1,105,000. Finally, L & S Advisors Inc grew its position in Honeywell International by 1,191.6% during the fourth quarter. L & S Advisors Inc now owns 22,086 shares of the conglomerate's stock valued at $4,989,000 after buying an additional 20,376 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup increased their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Mizuho increased their target price on shares of Honeywell International from $235.00 to $250.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen upgraded shares of Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Barclays increased their target price 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. Finally, Royal Bank Of Canada cut their target price on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research report on Friday. Eight equities research 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Honeywell International Price Performance

HON traded up $0.84 on Monday, reaching $225.08. The company had a trading volume of 4,822,238 shares, compared to its average volume of 3,391,737. The business has a 50 day simple moving average of $229.42 and a 200 day simple moving average of $216.99. The company has a market cap of $144.65 billion, a price-to-earnings ratio of 25.61, a P/E/G ratio of 2.52 and a beta of 1.07. 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 Inc. has a 52-week low of $179.36 and a 52-week high of $242.77.

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

Honeywell International Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, August 15th. Honeywell International's dividend payout ratio 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.