Arizona State Retirement System Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Arizona State Retirement System decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,072 shares of the conglomerate’s stock after selling 111 shares during the quarter. Arizona State Retirement System’s holdings in Honeywell International were worth $40,374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HON. LGT Group Foundation acquired a new stake in shares of Honeywell International during the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at approximately $27,000. Richardson Capital Management LLC acquired a new stake in shares of Honeywell International during the 1st quarter valued at approximately $35,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Honeywell International during the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HON. Citigroup upped their price objective on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Finally, Morgan Stanley began coverage on Honeywell International in a research note on Friday. They set an “equal weight” rating and a $210.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International Trading Down 0.1 %

NASDAQ:HON opened at $202.80 on Friday. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The stock has a market cap of $132.06 billion, a price-to-earnings ratio of 23.52, a PEG ratio of 2.37 and a beta of 1.04. The business has a fifty day moving average of $206.72 and a 200-day moving average of $203.13. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the prior year, the business posted $2.23 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that Honeywell International Inc. will post 10.12 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $1.08 per share. The ex-dividend date is Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.13%. Honeywell International’s dividend payout ratio is currently 50.06%.

Honeywell International Company 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.