Cypress Capital Group Has $753,000 Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Cypress Capital Group trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,527 shares of the conglomerate’s stock after selling 107 shares during the quarter. Cypress Capital Group’s holdings in Honeywell International were worth $753,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a report on Friday, July 26th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Citigroup lifted their target price on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Honeywell International Stock Performance

HON stock traded up $1.82 during midday trading on Monday, hitting $204.30. The company’s stock had a trading volume of 165,603 shares, compared to its average volume of 2,896,987. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. The stock’s 50-day moving average price is $208.19 and its 200 day moving average price is $202.59. The stock has a market cap of $133.04 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.32 and a beta of 1.04.

Honeywell International (NASDAQ:HON) last issued 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 return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter in the prior year, the firm earned $2.23 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Honeywell International Inc. will post 10.14 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.11%. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Honeywell International 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.