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.
Several other large investors have also recently bought and sold shares of the company. 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. Bessemer Group Inc. lifted its stake in shares of Honeywell International by 7,187.3% in the fourth quarter. Bessemer Group Inc. now owns 782,223 shares of the conglomerate’s stock valued at $166,378,000 after buying an additional 771,489 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Honeywell International by 138.6% in the fourth quarter. First Trust Advisors LP now owns 1,287,575 shares of the conglomerate’s stock valued at $273,867,000 after buying an additional 747,974 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Honeywell International by 4.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,204,199 shares of the conglomerate’s stock valued at $2,167,460,000 after purchasing an additional 477,569 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of Honeywell International by 3.3% in the fourth quarter. Morgan Stanley now owns 11,728,323 shares of the conglomerate’s stock valued at $2,494,613,000 after purchasing an additional 379,995 shares during the last quarter. 75.97% of the stock is currently owned by institutional investors.
HON has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price objective 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. Zacks Investment Research upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $233.00 target price for the company in a research report on Tuesday, April 27th. Argus lifted their price target on shares of Honeywell International from $195.00 to $225.00 and gave the stock a “buy” rating in a research note on Monday, February 1st. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $222.00 to $244.00 in a research note on Wednesday, April 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, April 15th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $221.00.
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 released its earnings results on Thursday, April 22nd. The conglomerate reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.12. The business 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 was down .1% compared to the same quarter last year. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 4th. Investors 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 1.65%. The ex-dividend date of this dividend is Thursday, May 13th. Honeywell International’s payout ratio is currently 45.59%.
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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