Toroso Investments LLC Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Toroso Investments LLC decreased its stake in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) by 14.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,319 shares of the conglomerate’s stock after selling 2,457 shares during the quarter. Toroso Investments LLC’s holdings in Honeywell International were worth $2,786,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of Honeywell International by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 59,519,520 shares of the conglomerate’s stock worth $11,581,308,000 after purchasing an additional 3,400,094 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Honeywell International by 15.1% in the 1st quarter. Wellington Management Group LLP now owns 14,683,542 shares of the conglomerate’s stock worth $2,857,123,000 after purchasing an additional 1,921,577 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Honeywell International by 48.1% in the 4th quarter. Capital Research Global Investors now owns 3,137,611 shares of the conglomerate’s stock worth $654,223,000 after purchasing an additional 1,018,445 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Honeywell International by 2.1% in the 1st quarter. BlackRock Inc. now owns 42,068,861 shares of the conglomerate’s stock worth $8,185,760,000 after purchasing an additional 883,708 shares in the last quarter. Finally, Capital International Investors grew its holdings in shares of Honeywell International by 10.2% in the first quarter. Capital International Investors now owns 9,518,037 shares of the conglomerate’s stock worth $1,852,406,000 after acquiring an additional 879,148 shares during the period. Hedge funds and other institutional investors own 74.74% of the company’s stock.

Insider Buying and Selling

In other Honeywell International news, CFO Gregory P. Lewis sold 5,011 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $190.00, for a total transaction of $952,090.00. Following the sale, the chief financial officer now directly owns 43,625 shares in the company, valued at $8,288,750. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.45% of the stock is owned by company insiders.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $176.86 on Friday. The stock’s 50-day simple moving average is $193.35 and its 200-day simple moving average is $189.39. Honeywell International Inc. has a 52 week low of $167.35 and a 52 week high of $228.26. The company has a market capitalization of $119.15 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.23 and a beta of 1.06. The company has a quick ratio of 0.92, a current ratio of 1.20 and a debt-to-equity ratio of 0.69.

Honeywell International (NASDAQ:HONGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The conglomerate reported $2.10 EPS for the quarter, beating the consensus estimate of $2.03 by $0.07. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. The business had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.67 billion. During the same period in the previous year, the business earned $2.02 earnings per share. The business’s revenue was up 1.6% on a year-over-year basis. As a group, analysts expect that Honeywell International Inc. will post 8.68 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were given a $0.98 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.22%. Honeywell International’s dividend payout ratio is currently 53.48%.

Wall Street Analysts Forecast Growth

HON has been the subject of several research analyst reports. Royal Bank of Canada lifted their price objective on Honeywell International from $184.00 to $193.00 in a report on Friday, July 29th. Morgan Stanley cut their price objective on Honeywell International from $194.00 to $192.00 and set an “equal weight” rating for the company in a report on Friday, July 29th. Barclays lifted their price objective on Honeywell International from $204.00 to $210.00 in a report on Friday, July 29th. Mizuho cut their price objective on Honeywell International from $235.00 to $225.00 and set a “buy” rating for the company in a report on Monday, July 18th. Finally, Cowen set a $205.00 price target on Honeywell International in a report on Tuesday, July 19th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $210.08.

Honeywell International Profile

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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, as well as wireless connectivity and management services.

Further Reading

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

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