Commerce Bank Trims Stake in Honeywell (HON)

Commerce Bank trimmed its holdings in Honeywell (NYSE:HON) by 0.3% in the first quarter, Holdings Channel reports. The institutional investor owned 347,461 shares of the conglomerate’s stock after selling 955 shares during the quarter. Commerce Bank’s holdings in Honeywell were worth $50,212,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HON. BlackRock Inc. increased its stake in shares of Honeywell by 5.8% during the fourth quarter. BlackRock Inc. now owns 47,575,018 shares of the conglomerate’s stock worth $7,296,103,000 after acquiring an additional 2,627,000 shares during the period. APG Asset Management N.V. increased its stake in shares of Honeywell by 69.6% during the fourth quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock worth $427,526,000 after acquiring an additional 1,373,600 shares during the period. Stifel Financial Corp increased its stake in shares of Honeywell by 3,381.1% during the third quarter. Stifel Financial Corp now owns 924,574 shares of the conglomerate’s stock worth $131,031,000 after acquiring an additional 898,014 shares during the period. Amundi Pioneer Asset Management Inc. increased its stake in shares of Honeywell by 110.2% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,530,951 shares of the conglomerate’s stock worth $234,785,000 after acquiring an additional 802,574 shares during the period. Finally, Investec Asset Management LTD increased its stake in shares of Honeywell by 34.8% during the fourth quarter. Investec Asset Management LTD now owns 2,508,433 shares of the conglomerate’s stock worth $384,693,000 after acquiring an additional 647,473 shares during the period. 75.62% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on the stock. Oppenheimer dropped their price target on shares of Honeywell from $180.00 to $172.00 and set an “outperform” rating on the stock in a research note on Monday, April 30th. Stifel Nicolaus upped their target price on shares of Honeywell from $157.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, April 23rd. Barclays upped their target price on shares of Honeywell from $170.00 to $172.00 and gave the stock an “overweight” rating in a research report on Monday, April 23rd. Zacks Investment Research upgraded shares of Honeywell from a “hold” rating to a “buy” rating and set a $160.00 target price on the stock in a research report on Tuesday, April 3rd. Finally, ValuEngine lowered shares of Honeywell from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Honeywell presently has an average rating of “Buy” and a consensus price target of $167.73.

In other news, Director Jaime Chico /Fa Pardo sold 2,868 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $156.36, for a total value of $448,440.48. Following the sale, the director now directly owns 41,092 shares in the company, valued at $6,425,145.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.33% of the stock is owned by corporate insiders.

HON stock opened at $147.35 on Wednesday. The company has a market capitalization of $110.07 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.97 and a beta of 0.98. Honeywell has a 12 month low of $146.88 and a 12 month high of $147.68. The company has a current ratio of 1.36, a quick ratio of 1.11 and a debt-to-equity ratio of 0.72.

Honeywell (NYSE:HON) last released its quarterly earnings results on Friday, April 20th. The conglomerate reported $1.95 EPS for the quarter, beating the consensus estimate of $1.89 by $0.06. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $10.03 billion. Honeywell had a net margin of 4.26% and a return on equity of 29.25%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.71 earnings per share. equities analysts anticipate that Honeywell will post 8.02 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Friday, May 18th will be given a $0.745 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $2.98 annualized dividend and a dividend yield of 2.02%. Honeywell’s dividend payout ratio is presently 41.91%.

Honeywell Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Institutional Ownership by Quarter for Honeywell (NYSE:HON)

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