Triglav Skladi D.O.O. Has $8.33 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Key Points

• Triglav Skladi D.O.O. reduced its stake in Honeywell International by 3.6%, holding 39,360 shares worth approximately $8.33 million.
• Institutional investors own 75.91% of Honeywell's stock, with notable increases in holdings from GAMMA Investing LLC and OVERSEA CHINESE BANKING Corp Ltd.
• Honeywell recently declared a quarterly dividend of $1.13, representing a yield of 2.1% and a payout ratio of 51.42%.

Triglav Skladi D.O.O. reduced its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,360 shares of the conglomerate's stock after selling 1,470 shares during the quarter. Triglav Skladi D.O.O.'s holdings in Honeywell International were worth $8,334,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Capital World Investors bought a new position in Honeywell International in the fourth quarter valued at approximately $1,594,216,000. Nuveen LLC bought a new position in shares of Honeywell International during the 1st quarter worth approximately $1,150,929,000. GAMMA Investing LLC increased its holdings in shares of Honeywell International by 20,894.0% during the 1st 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 last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of Honeywell International by 592.0% during the 1st 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 last quarter. Finally, Demars Financial Group LLC acquired a new position in shares of Honeywell International during the 4th quarter worth approximately $155,407,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of recent analyst reports. Barclays boosted their target price on Honeywell International from $258.00 to $265.00 and gave the stock an "overweight" rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. upped their price objective on Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Mizuho upped 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. Morgan Stanley upped their price objective on Honeywell International from $225.00 to $245.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Royal Bank Of Canada cut their target price on Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Price Performance

Shares of HON opened at $217.01 on Wednesday. The stock has a market cap of $137.78 billion, a PE ratio of 24.69, a PEG ratio of 2.44 and a beta of 1.08. The business has a 50-day simple moving average of $228.28 and a two-hundred day simple moving average of $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 12-month low of $179.36 and a 12-month high of $242.77.

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

Honeywell International Announces Dividend

The company also recently declared 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 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.

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