Ameriprise Financial Inc. Has $1.10 Billion Stake in Honeywell International Inc. $HON

Ameriprise Financial Inc. trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 18.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,219,240 shares of the conglomerate’s stock after selling 1,173,920 shares during the period. Ameriprise Financial Inc. owned 0.82% of Honeywell International worth $1,098,675,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its holdings in shares of Honeywell International by 28.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock worth $2,146,372,000 after buying an additional 2,277,234 shares during the period. Invesco Ltd. raised its holdings in Honeywell International by 11.0% in the 3rd quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate’s stock worth $1,287,408,000 after acquiring an additional 605,600 shares during the period. Capital Research Global Investors lifted its position in Honeywell International by 1.4% during the 3rd quarter. Capital Research Global Investors now owns 4,046,957 shares of the conglomerate’s stock worth $851,880,000 after acquiring an additional 55,681 shares during the last quarter. Unisphere Establishment boosted its holdings in Honeywell International by 8.1% during the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after acquiring an additional 300,000 shares during the period. Finally, Legal & General Group Plc grew its position in shares of Honeywell International by 2.4% in the third quarter. Legal & General Group Plc now owns 3,814,512 shares of the conglomerate’s stock valued at $802,957,000 after purchasing an additional 88,723 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Daiwa Securities Group boosted their price objective on Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Morgan Stanley lifted their price target on Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Thursday. Royal Bank Of Canada upped their price target on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Robert W. Baird increased their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. Finally, Rothschild & Co Redburn raised their price objective on shares of Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.65.

Insider Activity at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,190 shares of company stock valued at $4,244,287 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Honeywell International Price Performance

Shares of HON stock opened at $234.50 on Friday. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $248.18. The company has a market capitalization of $149.07 billion, a P/E ratio of 29.35, a P/E/G ratio of 3.39 and a beta of 0.92. The stock has a 50 day moving average of $229.78 and a two-hundred day moving average of $212.34. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.Honeywell International’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.47 earnings per share. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $1.19 per share. The ex-dividend date was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is currently 59.57%.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.