Oppenheimer & Co. Inc. Has $13.81 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Oppenheimer & Co. Inc. lowered its position in Honeywell International Inc. (NASDAQ:HON) by 5.3% during the second quarter, according to its most recent filing with the SEC. The firm owned 64,652 shares of the conglomerate’s stock after selling 3,641 shares during the period. Oppenheimer & Co. Inc.’s holdings in Honeywell International were worth $13,806,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in Honeywell International by 22.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after buying an additional 1,746,759 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Honeywell International by 0.3% in the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock worth $1,352,867,000 after acquiring an additional 17,591 shares during the last quarter. Capital Research Global Investors lifted its position in Honeywell International by 6.7% in the 1st quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after acquiring an additional 212,327 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Honeywell International by 8.1% during the 1st quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock valued at $553,880,000 after purchasing an additional 202,358 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in Honeywell International by 5.3% during the 1st quarter. 1832 Asset Management L.P. now owns 2,361,293 shares of the conglomerate’s stock worth $484,655,000 after purchasing an additional 117,940 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Up 0.3 %

Shares of Honeywell International stock opened at $204.67 on Friday. The company has a 50 day simple moving average of $205.64 and a two-hundred day simple moving average of $203.21. The firm has a market cap of $133.28 billion, a PE ratio of 23.72, a PEG ratio of 2.25 and a beta of 1.03. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $220.79. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were issued a $1.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.11%. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HON. UBS Group upgraded 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. Wells Fargo & Company reduced 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 report on Friday, July 26th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Finally, Royal Bank of Canada dropped their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $223.13.

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.