Psagot Value Holdings Ltd. Israel Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Psagot Value Holdings Ltd. Israel lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 61.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,500 shares of the conglomerate’s stock after selling 13,284 shares during the quarter. Psagot Value Holdings Ltd. Israel’s holdings in Honeywell International were worth $1,593,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in Honeywell International by 2.1% during the first quarter. BlackRock Inc. now owns 42,326,637 shares of the conglomerate’s stock valued at $8,089,467,000 after purchasing an additional 855,220 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Honeywell International by 1.6% in the 4th quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock valued at $3,275,277,000 after acquiring an additional 241,992 shares during the last quarter. Geode Capital Management LLC grew its position in Honeywell International by 2.2% in the first quarter. Geode Capital Management LLC now owns 12,617,604 shares of the conglomerate’s stock worth $2,405,781,000 after acquiring an additional 270,260 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Honeywell International by 3.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,445,462 shares of the conglomerate’s stock worth $1,422,977,000 after acquiring an additional 275,879 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in Honeywell International by 101,603.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock valued at $1,223,139,000 after purchasing an additional 5,701,989 shares during the period. Hedge funds and other institutional investors own 74.61% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com started coverage on Honeywell International in a report on Monday, August 21st. They issued a “hold” rating for the company. Morgan Stanley lifted their price objective on shares of Honeywell International from $219.00 to $221.00 in a research note on Friday, July 28th. Finally, UBS Group reduced their target price on shares of Honeywell International from $185.00 to $180.00 and set a “sell” rating on the stock in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $215.07.

Honeywell International Trading Up 1.3 %

Shares of HON opened at $191.59 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.41 and a quick ratio of 1.07. The firm has a market capitalization of $127.21 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.24 and a beta of 1.07. The company has a 50-day moving average of $192.85 and a 200 day moving average of $195.31. Honeywell International Inc. has a 1-year low of $166.63 and a 1-year high of $220.96.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, July 27th. The conglomerate reported $2.23 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.03. Honeywell International had a net margin of 15.08% and a return on equity of 34.46%. The firm had revenue of $9.10 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same quarter in the previous year, the firm posted $2.10 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 9.16 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Friday, August 11th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Thursday, August 10th. Honeywell International’s payout ratio is 50.99%.

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; and thermal systems, as well as wireless connectivity and management services.