JPMorgan Chase & Co. lessened its stake in shares of Honeywell International Inc. (NYSE:HON) by 42.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,200,497 shares of the conglomerate’s stock after selling 4,563,907 shares during the quarter. JPMorgan Chase & Co. owned 0.89% of Honeywell International worth $1,345,942,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. Curi Capital acquired a new stake in shares of Honeywell International in the 4th quarter valued at $29,000. ADE LLC acquired a new position in Honeywell International in the fourth quarter valued at about $33,000. Bellevue Asset Management LLC increased its holdings in shares of Honeywell International by 62.0% during the fourth quarter. Bellevue Asset Management LLC now owns 162 shares of the conglomerate’s stock worth $33,000 after buying an additional 62 shares in the last quarter. Greenhouse Wealth Management LLC bought a new stake in Honeywell International during the 4th quarter worth approximately $39,000. Finally, Oder Investment Management LLC acquired a new stake in Honeywell International during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 76.02% of the company’s stock.
HON has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $222.00 to $244.00 in a research note on Thursday, April 8th. Morgan Stanley upped their target price on shares of Honeywell International from $230.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Monday, April 26th. Credit Suisse Group raised their price target on shares of Honeywell International from $224.00 to $235.00 and gave the company an “outperform” rating in a report on Monday, April 26th. Barclays lifted their target price on Honeywell International from $230.00 to $245.00 and gave the company an “overweight” rating in a research note on Monday, April 26th. Finally, JPMorgan Chase & Co. raised their price target on Honeywell International from $200.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, April 9th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $221.00.
Honeywell International (NYSE:HON) last posted its earnings results on Thursday, April 22nd. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.12. Honeywell International had a return on equity of 26.51% and a net margin of 14.18%. The firm had revenue of $8.45 billion during the quarter, compared to analysts’ expectations of $8.07 billion. The company’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.21 earnings per share. Research analysts expect that Honeywell International Inc. will post 8.01 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 4th. Investors of record on Friday, May 14th were paid a dividend of $0.93 per share. The ex-dividend date of this dividend was Thursday, May 13th. This represents a $3.72 dividend on an annualized basis and a yield of 1.65%. Honeywell International’s payout ratio is 52.39%.
In other news, VP Anne T. Madden sold 8,885 shares of the company’s stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $223.22, for a total value of $1,983,309.70. Following the completion of the transaction, the vice president now owns 50,658 shares in the company, valued at $11,307,878.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.44% of the company’s stock.
Honeywell International Company 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 services.
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