Nuveen Asset Management LLC Reduces Stock Position in Honeywell International Inc. (NASDAQ:HON)

Nuveen Asset Management LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,091,007 shares of the conglomerate's stock after selling 904,374 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.09% of Honeywell International worth $1,601,788,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth $25,000. Avalon Trust Co boosted its position in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the 4th quarter worth $30,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth $35,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

Shares of Honeywell International stock traded up $0.59 on Friday, hitting $222.88. The company's stock had a trading volume of 2,895,038 shares, compared to its average volume of 3,764,659. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The firm has a fifty day moving average price of $206.11 and a 200-day moving average price of $215.68. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a market capitalization of $143.24 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The business's revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.25 EPS. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio is presently 51.95%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HON. Morgan Stanley raised their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and raised their target price for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Barclays reduced their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research note on Wednesday, April 30th. JPMorgan Chase & Co. raised their target price on Honeywell International from $182.00 to $217.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price for the company in a research note on Wednesday, May 7th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $245.23.

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.