Factory Mutual Insurance Co. Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

Factory Mutual Insurance Co. lowered its position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 2.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 264,100 shares of the conglomerate’s stock after selling 7,100 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Honeywell International were worth $54,207,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of HON. Price T Rowe Associates Inc. MD grew its stake in Honeywell International by 32.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after buying an additional 1,899,373 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Honeywell International by 5.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock worth $1,292,307,000 after buying an additional 347,808 shares during the last quarter. Northern Trust Corp grew its stake in Honeywell International by 0.3% during the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock worth $1,352,867,000 after buying an additional 17,591 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Honeywell International by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock worth $759,474,000 after buying an additional 66,213 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in Honeywell International by 20.4% during the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after buying an additional 539,644 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.7 %

HON stock traded down $1.52 during mid-day trading on Tuesday, hitting $214.37. The stock had a trading volume of 975,597 shares, compared to its average volume of 2,928,661. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $218.36. The company has a fifty day moving average of $202.05 and a 200 day moving average of $201.03. The stock has a market capitalization of $139.60 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.29 and a beta of 1.03.

Honeywell International (NASDAQ:HONGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.07 EPS. On average, equities analysts expect that Honeywell International Inc. will post 10.23 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio is 50.06%.

Insider Activity

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on HON shares. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Barclays increased their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Finally, Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Get Our Latest Stock Analysis on Honeywell International

About Honeywell International

(Free Report)

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.

See Also

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

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