New York Life Investment Management LLC Sells 616 Shares of Honeywell International Inc. (NASDAQ:HON)

New York Life Investment Management LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 0.7% in the second quarter, HoldingsChannel.com reports. The fund owned 89,523 shares of the conglomerate’s stock after selling 616 shares during the quarter. New York Life Investment Management LLC’s holdings in Honeywell International were worth $19,117,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in shares of Honeywell International by 32.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after purchasing an additional 1,899,373 shares in the last quarter. Natixis lifted its stake in shares of Honeywell International by 184.8% during the first quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after acquiring an additional 544,175 shares during the period. Capital Research Global Investors boosted its holdings in Honeywell International by 20.4% in the fourth quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock valued at $668,959,000 after acquiring an additional 539,644 shares during the last quarter. First Financial Bankshares Inc acquired a new stake in Honeywell International in the fourth quarter worth about $72,580,000. Finally, Dimensional Fund Advisors LP raised its holdings in Honeywell International by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,627 shares of the conglomerate’s stock worth $518,740,000 after purchasing an additional 269,739 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada cut their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Wells Fargo & Company reduced their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $223.13.

Honeywell International Stock Performance

Shares of HON stock opened at $198.13 on Friday. The company has a market capitalization of $129.02 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 2.37 and a beta of 1.04. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The company’s 50 day moving average price is $206.41 and its two-hundred day moving average price is $203.13.

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

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

About Honeywell International

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.