Baird Financial Group Inc. Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

Baird Financial Group Inc. decreased its stake in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) by 25.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 440,126 shares of the conglomerate’s stock after selling 151,740 shares during the period. Baird Financial Group Inc.’s holdings in Honeywell International were worth $85,639,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Honeywell International by 6.1% during 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 during the period. 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 valued at $8,185,760,000 after acquiring an additional 883,708 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Honeywell International by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 11,484,615 shares of the conglomerate’s stock valued at $2,388,336,000 after acquiring an additional 240,099 shares during the last quarter. Capital International Investors increased its holdings in shares of Honeywell International by 2.2% in the 4th quarter. Capital International Investors now owns 8,638,889 shares of the conglomerate’s stock valued at $1,801,122,000 after acquiring an additional 186,814 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Honeywell International by 1.1% in the 4th quarter. Legal & General Group Plc now owns 4,432,345 shares of the conglomerate’s stock valued at $924,189,000 after acquiring an additional 48,098 shares during the last quarter. Hedge funds and other institutional investors own 74.74% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $187.82 on Friday. The company has a market cap of $126.53 billion, a price-to-earnings ratio of 25.62, a price-to-earnings-growth ratio of 2.24 and a beta of 1.06. The stock has a 50 day simple moving average of $190.69 and a 200-day simple moving average of $189.79. Honeywell International Inc. has a 12-month low of $167.35 and a 12-month high of $228.26. The company has a current ratio of 1.20, a quick ratio of 0.92 and a debt-to-equity ratio of 0.69.

Honeywell International (NASDAQ:HONGet Rating) last issued its earnings results on Thursday, July 28th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.07. The business had revenue of $8.95 billion during the quarter, compared to the consensus estimate of $8.67 billion. Honeywell International had a return on equity of 30.17% and a net margin of 14.74%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.02 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 8.68 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Friday, August 12th were paid a $0.98 dividend. This represents a $3.92 annualized dividend and a yield of 2.09%. The ex-dividend date was Thursday, August 11th. Honeywell International’s payout ratio is currently 53.48%.

Analyst Ratings Changes

A number of research firms have recently commented on HON. Morgan Stanley dropped their price objective on Honeywell International from $194.00 to $192.00 and set an “equal weight” rating on the stock in a report on Friday, July 29th. Mizuho decreased their target price on Honeywell International from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Monday, July 18th. TheStreet raised Honeywell International from a “c+” rating to a “b-” rating in a research report on Thursday, August 11th. Deutsche Bank Aktiengesellschaft decreased their target price on Honeywell International from $230.00 to $211.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Finally, Barclays upped their target price on Honeywell International from $204.00 to $210.00 in a research report on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $210.08.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 5,011 shares of the firm’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 value of $952,090.00. Following the completion of the transaction, the chief financial officer now directly owns 43,625 shares of the company’s stock, valued at approximately $8,288,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.45% of the stock is currently owned by company insiders.

About Honeywell International

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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.

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

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