Lazard Asset Management LLC Has $280.20 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Lazard Asset Management LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 37.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,240,416 shares of the conglomerate’s stock after selling 734,746 shares during the period. Lazard Asset Management LLC’s holdings in Honeywell International were worth $280,196,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Capital World Investors bought a new stake in shares of Honeywell International during the fourth quarter worth about $1,594,216,000. Raymond James Financial Inc. bought a new position in shares of Honeywell International in the 4th quarter worth $435,786,000. ING Groep NV raised its stake in shares of Honeywell International by 884.0% in the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the last quarter. Cibc World Markets Corp raised its holdings in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the last quarter. Finally, Demars Financial Group LLC purchased a new position in Honeywell International in the fourth quarter worth $155,407,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 0.7%

NASDAQ:HON opened at $213.03 on Monday. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a market capitalization of $136.91 billion, a P/E ratio of 24.46, a PEG ratio of 2.51 and a beta of 1.07. The company’s 50-day simple moving average is $205.26 and its 200 day simple moving average is $215.34.

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

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, May 16th. Honeywell International’s dividend payout ratio is currently 51.95%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HON shares. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research report on Wednesday, May 7th. JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley boosted their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Citigroup reduced their price target on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.23.

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.