Pictet North America Advisors SA cut its stake in Honeywell International Inc. (NYSE:HON) by 18.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,620 shares of the conglomerate’s stock after selling 595 shares during the period. Pictet North America Advisors SA’s holdings in Honeywell International were worth $349,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriprise Financial Inc. raised its holdings in shares of Honeywell International by 8.8% during the 1st quarter. Ameriprise Financial Inc. now owns 9,594,726 shares of the conglomerate’s stock worth $1,198,584,000 after buying an additional 773,734 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Honeywell International by 69.2% during the 1st quarter. Clearbridge Investments LLC now owns 5,171,598 shares of the conglomerate’s stock worth $645,777,000 after buying an additional 2,114,627 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Honeywell International by 3.6% during the 2nd quarter. Legal & General Group Plc now owns 3,681,695 shares of the conglomerate’s stock worth $490,685,000 after buying an additional 127,788 shares in the last quarter. Swiss National Bank raised its holdings in shares of Honeywell International by 3.0% during the 2nd quarter. Swiss National Bank now owns 2,642,073 shares of the conglomerate’s stock worth $352,162,000 after buying an additional 76,600 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Honeywell International by 4.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,458,065 shares of the conglomerate’s stock worth $327,636,000 after buying an additional 114,309 shares in the last quarter. 76.24% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently commented on HON. Credit Suisse Group reissued a “neutral” rating and set a $150.00 price target (up previously from $141.00) on shares of Honeywell International in a report on Monday, October 23rd. Royal Bank Of Canada boosted their price target on Honeywell International from $148.00 to $156.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Vertical Research reissued a “buy” rating on shares of Honeywell International in a report on Friday, October 20th. Cowen and Company reissued a “buy” rating and set a $150.00 price target on shares of Honeywell International in a report on Thursday, October 19th. Finally, Argus boosted their price target on Honeywell International from $152.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $150.79.

In other Honeywell International news, VP Krishna Mikkilineni sold 13,074 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $145.12, for a total value of $1,897,298.88. Following the sale, the vice president now owns 104,998 shares in the company, valued at approximately $15,237,309.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rajeev Gautam sold 5,840 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $136.68, for a total value of $798,211.20. Following the completion of the sale, the insider now owns 16,597 shares in the company, valued at approximately $2,268,477.96. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Shares of Honeywell International Inc. (HON) opened at $145.75 on Monday. Honeywell International Inc. has a 52-week low of $111.78 and a 52-week high of $147.51. The company has a market capitalization of $111,035.66, a PE ratio of 20.97, a price-to-earnings-growth ratio of 2.24 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.35 and a quick ratio of 1.09.

Honeywell International (NYSE:HON) last released its quarterly earnings results on Friday, October 20th. The conglomerate reported $1.75 EPS for the quarter, meeting analysts’ consensus estimates of $1.75. Honeywell International had a return on equity of 26.26% and a net margin of 12.85%. The firm had revenue of $10.12 billion for the quarter, compared to analyst estimates of $10.05 billion. During the same quarter in the previous year, the company posted $1.60 EPS. The business’s revenue was up 3.2% on a year-over-year basis. equities research analysts expect that Honeywell International Inc. will post 7.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be given a $0.745 dividend. This represents a $2.98 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from Honeywell International’s previous quarterly dividend of $0.67. Honeywell International’s payout ratio is 40.30%.

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Honeywell International Company Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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