Los Angeles Capital Management LLC reduced its stake in Honeywell International Inc. (NYSE:HON) by 38.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,373 shares of the conglomerate’s stock after selling 68,346 shares during the period. Los Angeles Capital Management LLC’s holdings in Honeywell International were worth $23,525,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. MUFG Americas Holdings Corp increased its holdings in shares of Honeywell International by 2.6% in the first quarter. MUFG Americas Holdings Corp now owns 171,155 shares of the conglomerate’s stock valued at $37,153,000 after purchasing an additional 4,356 shares during the last quarter. First American Bank grew its stake in Honeywell International by 14.1% during the first quarter. First American Bank now owns 52,213 shares of the conglomerate’s stock worth $11,334,000 after buying an additional 6,441 shares in the last quarter. Whittier Trust Co. grew its stake in Honeywell International by 2.9% during the fourth quarter. Whittier Trust Co. now owns 231,624 shares of the conglomerate’s stock worth $49,267,000 after buying an additional 6,559 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Honeywell International by 0.5% during the first quarter. Treasurer of the State of North Carolina now owns 297,321 shares of the conglomerate’s stock worth $64,539,000 after buying an additional 1,340 shares in the last quarter. Finally, GYL Financial Synergies LLC grew its stake in Honeywell International by 7.0% during the fourth quarter. GYL Financial Synergies LLC now owns 2,207 shares of the conglomerate’s stock worth $469,000 after buying an additional 144 shares in the last quarter. Hedge funds and other institutional investors own 75.97% of the company’s stock.
HON has been the topic of a number of analyst reports. Barclays increased their price objective on shares of Honeywell International from $230.00 to $245.00 and gave the stock an “overweight” rating in a research note on Monday, May 3rd. Credit Suisse Group increased their price objective on shares of Honeywell International from $224.00 to $235.00 and gave the stock an “outperform” rating in a research note on Monday, May 3rd. JPMorgan Chase & Co. increased their target price on shares of Honeywell International from $200.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, April 15th. Royal Bank of Canada increased their target price on shares of Honeywell International from $194.00 to $199.00 and gave the stock a “sector perform” rating in a report on Monday, February 1st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the stock from $222.00 to $244.00 in a report on Wednesday, April 14th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $221.00.
Honeywell International (NYSE:HON) last issued its quarterly earnings data on Thursday, April 22nd. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.12. The business had revenue of $8.45 billion during the quarter, compared to analyst estimates of $8.07 billion. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the business earned $2.21 EPS. As a group, research analysts anticipate that Honeywell International Inc. will post 7.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 4th. Shareholders of record on Friday, May 14th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Thursday, May 13th. Honeywell International’s dividend payout ratio is presently 45.59%.
In other Honeywell International news, VP Anne T. Madden sold 8,885 shares of the stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $223.22, for a total transaction of $1,983,309.70. Following the completion of the sale, the vice president now owns 50,658 shares of the company’s stock, valued at approximately $11,307,878.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.64% of the company’s stock.
About Honeywell International
Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.
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