Bremer Bank National Association Sells 1,368 Shares of Honeywell International Inc. (NASDAQ:HON)

Bremer Bank National Association lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 29.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,273 shares of the conglomerate’s stock after selling 1,368 shares during the quarter. Bremer Bank National Association’s holdings in Honeywell International were worth $699,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. LGT Group Foundation bought a new position in shares of Honeywell International in the first quarter valued at $26,000. Altshuler Shaham Ltd purchased a new stake in shares of Honeywell International in the fourth quarter worth approximately $27,000. Scarborough Advisors LLC bought a new position in shares of Honeywell International in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $31,000. Finally, Richardson Capital Management LLC bought a new stake in Honeywell International during the first quarter worth $35,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research note on Friday, July 26th. Royal Bank of Canada cut their price objective on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $225.00.

Honeywell International Price Performance

HON traded up $0.87 during midday trading on Wednesday, hitting $197.60. The stock had a trading volume of 3,463,822 shares, compared to its average volume of 2,932,331. The company has a market cap of $128.67 billion, a P/E ratio of 22.80, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The business has a fifty day moving average of $209.68 and a 200 day moving average of $202.51. 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 posted its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same period in the prior year, the business posted $2.23 EPS. The firm’s revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts forecast that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s 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.