Commerzbank Aktiengesellschaft FI decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 194,794 shares of the conglomerate's stock after selling 4,331 shares during the period. Honeywell International comprises about 1.6% of Commerzbank Aktiengesellschaft FI's holdings, making the stock its 21st largest holding. Commerzbank Aktiengesellschaft FI's holdings in Honeywell International were worth $40,850,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. Ironwood Wealth Management LLC. boosted its position in shares of Honeywell International by 2.9% in the 1st quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate's stock worth $700,000 after purchasing an additional 100 shares in the last quarter. Fairfield Bush & CO. boosted its position in shares of Honeywell International by 5.4% in the 1st quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate's stock worth $1,864,000 after purchasing an additional 492 shares in the last quarter. United Bank boosted its position in shares of Honeywell International by 25.0% in the 1st quarter. United Bank now owns 8,404 shares of the conglomerate's stock worth $1,635,000 after purchasing an additional 1,683 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Honeywell International by 31.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate's stock worth $151,949,000 after purchasing an additional 187,936 shares in the last quarter. Finally, AMI Investment Management Inc. boosted its position in shares of Honeywell International by 16.8% in the 1st quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate's stock worth $224,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.
Honeywell International Stock Performance
Shares of NASDAQ HON traded up $3.18 during midday trading on Friday, hitting $194.26. 3,570,010 shares of the stock traded hands, compared to its average volume of 2,522,228. The firm has a 50-day moving average of $198.35 and a two-hundred day moving average of $196.07. The firm has a market capitalization of $126.50 billion, a P/E ratio of 22.94, a PEG ratio of 2.23 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87.
Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.01. The firm had revenue of $9.44 billion for the quarter, compared to analysts' expectations of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company's revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.52 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.
Honeywell International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.22%. Honeywell International's dividend payout ratio (DPR) is 51.00%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank raised Honeywell International from a "hold" rating to a "buy" rating and upped their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays upped their price objective on Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada lowered their price objective on Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of "Hold" and a consensus price target of $219.67.
Check Out Our Latest Research Report on HON
Insider Transactions at Honeywell International
In other news, Director Darius Adamczyk sold 25,500 shares of the company's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.
Honeywell International Company Profile
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Free Report)
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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