Lazard Freres Gestion S.A.S. Sells 38,441 Shares of Honeywell International Inc. (NYSE:HON)

Lazard Freres Gestion S.A.S. reduced its position in Honeywell International Inc. (NYSE:HON) by 11.6% during the first quarter, HoldingsChannel reports. The firm owned 292,122 shares of the conglomerate’s stock after selling 38,441 shares during the period. Honeywell International comprises approximately 1.9% of Lazard Freres Gestion S.A.S.’s portfolio, making the stock its 24th largest holding. Lazard Freres Gestion S.A.S.’s holdings in Honeywell International were worth $53,971,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Honeywell International by 4.8% during the fourth quarter. BlackRock Inc. now owns 42,835,736 shares of the conglomerate’s stock worth $9,111,162,000 after acquiring an additional 1,948,217 shares in the last quarter. Morgan Stanley boosted its position in Honeywell International by 3.3% during the fourth quarter. Morgan Stanley now owns 11,728,323 shares of the conglomerate’s stock worth $2,494,613,000 after purchasing an additional 379,995 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Honeywell International by 4.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,204,199 shares of the conglomerate’s stock worth $2,167,460,000 after purchasing an additional 477,569 shares during the period. Wells Fargo & Company MN boosted its position in Honeywell International by 5.8% during the fourth quarter. Wells Fargo & Company MN now owns 4,894,231 shares of the conglomerate’s stock worth $1,041,003,000 after purchasing an additional 266,967 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Honeywell International by 5.2% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,450,864 shares of the conglomerate’s stock valued at $521,299,000 after acquiring an additional 120,125 shares during the period. 75.97% of the stock is currently owned by institutional investors and hedge funds.

HON stock traded down $1.75 during midday trading on Monday, reaching $225.61. The company’s stock had a trading volume of 18,972 shares, compared to its average volume of 2,739,963. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.37 and a current ratio of 1.64. The stock has a fifty day simple moving average of $224.14 and a two-hundred day simple moving average of $209.06. Honeywell International Inc. has a 1 year low of $129.68 and a 1 year high of $232.65. The firm has a market capitalization of $156.70 billion, a price-to-earnings ratio of 32.62, a PEG ratio of 3.41 and a beta of 1.13.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, April 22nd. The conglomerate reported $1.92 EPS for the quarter, beating the consensus estimate of $1.80 by $0.12. The firm had revenue of $8.45 billion for the quarter, compared to analyst estimates of $8.07 billion. Honeywell International had a return on equity of 27.69% and a net margin of 14.99%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $2.21 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 7.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 4th. Shareholders of record on Friday, May 14th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, May 13th. Honeywell International’s dividend payout ratio is presently 45.59%.

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $222.00 to $244.00 in a research report on Wednesday, April 14th. Barclays lifted their target price 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 lifted their target price 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. Argus boosted their price objective on shares of Honeywell International from $195.00 to $225.00 and gave the company a “buy” rating in a research report on Monday, February 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Honeywell International from $200.00 to $250.00 and gave the company an “overweight” rating in a research report on Thursday, April 15th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and a consensus target price of $221.00.

In other Honeywell International news, VP Anne T. Madden sold 8,885 shares of the firm’s stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $223.22, for a total value 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 $11,307,878.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.64% of the stock is currently owned by company insiders.

Honeywell International Profile

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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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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