Bank Julius Baer & Co. Ltd Zurich Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

Bank Julius Baer & Co. Ltd Zurich reduced its position in Honeywell International Inc. (NASDAQ:HON) by 21.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,419,133 shares of the conglomerate’s stock after selling 387,913 shares during the period. Honeywell International makes up about 1.6% of Bank Julius Baer & Co. Ltd Zurich’s holdings, making the stock its 16th biggest holding. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.22% of Honeywell International worth $297,606,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Cordant Inc. bought a new position in shares of Honeywell International during the fourth quarter worth about $31,000. Rakuten Securities Inc. bought a new position in shares of Honeywell International during the fourth quarter worth about $31,000. Financial Connections Group Inc. bought a new position in Honeywell International in the fourth quarter worth about $37,000. TFO Wealth Partners LLC lifted its holdings in Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after acquiring an additional 114 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in Honeywell International by 42.0% in the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after acquiring an additional 76 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on HON. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays raised their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada dropped their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $219.67.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by insiders.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $1.77 during mid-day trading on Thursday, reaching $193.02. 3,894,245 shares of the company traded hands, compared to its average volume of 3,018,661. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market cap of $125.69 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The stock has a fifty day simple moving average of $198.35 and a 200-day simple moving average of $196.25.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $2.07 earnings per share. Equities research analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is 51.00%.

Honeywell International Company 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.