US Bancorp DE Sells 26,594 Shares of Honeywell International Inc. (NASDAQ:HON)

Key Points

• US Bancorp DE decreased its stake in Honeywell International Inc. by 2.9%, selling 26,594 shares, leaving it with 881,565 shares valued at approximately $186.67 million.
• Honeywell's recent quarterly earnings reported $2.75 EPS, exceeding expectations of $2.66, alongside an 8.1% increase in revenue year-over-year.
• Multiple analysts have upgraded Honeywell's stock rating recently, with a current consensus rating of "Moderate Buy" and an average price target of $254.00.

US Bancorp DE decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 881,565 shares of the conglomerate's stock after selling 26,594 shares during the period. US Bancorp DE owned 0.14% of Honeywell International worth $186,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mpwm Advisory Solutions LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $29,000. Accredited Wealth Management LLC bought a new stake in Honeywell International in the fourth quarter worth $34,000. Alexis Investment Partners LLC bought a new stake in Honeywell International in the fourth quarter worth $37,000. Banque de Luxembourg S.A. bought a new stake in Honeywell International in the fourth quarter worth $38,000. Finally, Garde Capital Inc. bought a new stake in Honeywell International in the first quarter worth $42,000. Institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

HON has been the topic of several research reports. Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. Morgan Stanley boosted their price target on shares of Honeywell International from $225.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Monday. 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 research note on Friday, July 25th. Wall Street Zen raised shares of Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Finally, Royal Bank Of Canada dropped their price objective on shares of Honeywell International from $254.00 to $253.00 and set a "sector perform" rating for the company in a research note on Friday, July 25th. Eight investment 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 data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $254.00.

Honeywell International Stock Performance

HON stock opened at $222.35 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.29 and a quick ratio of 0.97. The business has a 50-day moving average price of $229.33 and a 200 day moving average price of $217.08. The company has a market capitalization of $141.17 billion, a P/E ratio of 25.30, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $10.35 billion during the quarter, compared to the consensus estimate of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.49 earnings per share. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be given a $1.13 dividend. The ex-dividend date is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a yield of 2.0%. Honeywell International's dividend payout ratio is currently 51.42%.

Honeywell International 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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