Amalgamated Bank Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

Amalgamated Bank cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.1% during the second quarter, Holdings Channel.com reports. The firm owned 132,789 shares of the conglomerate’s stock after selling 4,199 shares during the quarter. Amalgamated Bank’s holdings in Honeywell International were worth $28,356,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. raised its stake in Honeywell International by 2.7% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,284 shares of the conglomerate’s stock worth $4,759,000 after purchasing an additional 589 shares during the period. Argent Trust Co raised its stake in shares of Honeywell International by 0.3% in the 2nd quarter. Argent Trust Co now owns 98,487 shares of the conglomerate’s stock valued at $21,031,000 after acquiring an additional 335 shares during the period. Meiji Yasuda Life Insurance Co raised its stake in shares of Honeywell International by 664.6% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 38,628 shares of the conglomerate’s stock valued at $8,249,000 after acquiring an additional 33,576 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Honeywell International by 9.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 86,429 shares of the conglomerate’s stock valued at $18,456,000 after acquiring an additional 7,668 shares during the period. Finally, E Fund Management Co. Ltd. raised its stake in shares of Honeywell International by 1.5% in the 2nd quarter. E Fund Management Co. Ltd. now owns 6,549 shares of the conglomerate’s stock valued at $1,398,000 after acquiring an additional 97 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.2 %

Shares of Honeywell International stock opened at $204.24 on Wednesday. The company has a market cap of $133.00 billion, a P/E ratio of 23.67, a PEG ratio of 2.32 and a beta of 1.03. 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 Inc. has a one year low of $174.88 and a one year high of $220.79. The firm has a fifty day moving average of $205.22 and a two-hundred day moving average of $203.40.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. The firm 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% on a year-over-year basis. During the same period in the prior year, the company earned $2.23 EPS. On average, analysts forecast that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were paid a dividend of $1.08 per share. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio is currently 50.06%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research note on Wednesday, June 5th. Morgan Stanley assumed coverage on shares of Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target on the stock. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Wells Fargo & Company cut their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Finally, UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $175.00 to $215.00 in a research note on Monday, June 10th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average target price of $223.13.

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.