Robeco Institutional Asset Management B.V. Sells 26,808 Shares of Honeywell International Inc. (NASDAQ:HON)

Posted by Defense World Staff on Aug 3rd, 2023

Honeywell International logo Robeco Institutional Asset Management B.V. reduced its position in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 41.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,228 shares of the conglomerate’s stock after selling 26,808 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Honeywell International were worth $7,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ironwood Wealth Management LLC. increased its position in shares of Honeywell International by 2.9% during the first quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock valued at $700,000 after acquiring an additional 100 shares during the last quarter. Fairfield Bush & CO. increased its position in shares of Honeywell International by 5.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock valued at $1,864,000 after purchasing an additional 492 shares during the last quarter. United Bank raised its stake in shares of Honeywell International by 25.0% during the 1st quarter. United Bank now owns 8,404 shares of the conglomerate’s stock worth $1,635,000 after purchasing an additional 1,683 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Honeywell International by 31.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock worth $151,949,000 after buying an additional 187,936 shares during the last quarter. Finally, AMI Investment Management Inc. increased its holdings in Honeywell International by 16.8% during the first quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock worth $224,000 after buying an additional 165 shares during the last quarter. 74.35% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

NASDAQ HON opened at $192.90 on Thursday. The company has a market capitalization of $128.08 billion, a P/E ratio of 23.87, a P/E/G ratio of 2.36 and a beta of 1.07. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.07 and a current ratio of 1.41. Honeywell International Inc. has a 52-week low of $166.63 and a 52-week high of $220.96. The company has a fifty day moving average of $201.73 and a 200-day moving average of $196.07.

Honeywell International (NASDAQ:HON – Get Free Report) last posted its quarterly earnings data on Thursday, July 27th. The conglomerate reported $2.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.03. The firm had revenue of $9.10 billion during the quarter, compared to analysts’ expectations of $9.17 billion. Honeywell International had a return on equity of 34.46% and a net margin of 15.08%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.10 EPS. As a group, equities research analysts predict that Honeywell International Inc. will post 9.16 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 11th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, August 10th. Honeywell International’s dividend payout ratio (DPR) is presently 50.99%.

Insider Activity at Honeywell International

In other news, COO Vimal Kapur sold 6,500 shares of the stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $197.46, for a total transaction of $1,283,490.00. Following the completion of the sale, the chief operating officer now owns 8,622 shares of the company’s stock, valued at $1,702,500.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on HON. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Honeywell International from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Wednesday, April 12th. Citigroup increased their price target on Honeywell International from $240.00 to $242.00 in a research note on Friday, April 28th. Wells Fargo & Company lowered their price objective on Honeywell International from $210.00 to $205.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 13th. StockNews.com assumed coverage on shares of Honeywell International in a research report on Thursday, May 18th. They set a “buy” rating for the company. Finally, UBS Group dropped their price target 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, six have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $215.07.

Read Our Latest Stock Analysis on HON

About Honeywell International

(Free Report)

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.