Northeast Investment Management Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

Northeast Investment Management decreased its position in Honeywell International Inc. (NASDAQ:HON) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 123,648 shares of the conglomerate’s stock after selling 4,427 shares during the period. Honeywell International accounts for 1.2% of Northeast Investment Management’s investment portfolio, making the stock its 26th biggest holding. Northeast Investment Management’s holdings in Honeywell International were worth $26,182,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Capital World Investors purchased a new stake in shares of Honeywell International during the 4th quarter worth approximately $1,594,216,000. Raymond James Financial Inc. purchased a new stake in Honeywell International in the fourth 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 valued at $395,866,000 after buying an additional 1,574,376 shares during the period. GAMMA Investing LLC raised its stake in shares of Honeywell International by 20,894.0% in the first quarter. GAMMA Investing LLC now owns 1,326,614 shares of the conglomerate’s stock valued at $2,809,110,000 after buying an additional 1,320,295 shares during the period. Finally, Cibc World Markets Corp grew its stake in shares of Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after acquiring an additional 1,018,099 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HON. JPMorgan Chase & Co. boosted their price objective on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Citigroup lifted their target price on shares of Honeywell International from $242.00 to $265.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Royal Bank of Canada upped their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 30th. Mizuho lifted their price objective on shares of Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 16th. Finally, Barclays lowered their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $248.14.

Honeywell International Price Performance

NASDAQ:HON opened at $226.26 on Wednesday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The stock has a fifty day moving average of $211.06 and a 200 day moving average of $216.13. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a market capitalization of $145.41 billion, a price-to-earnings ratio of 25.98, a P/E/G ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter last year, the firm posted $2.25 EPS. The company’s revenue was up 7.9% compared to the same quarter last year. On average, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 51.95%.

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.