JNBA Financial Advisors Lowers Stock Position in Honeywell International Inc. (NYSE:HON)

JNBA Financial Advisors reduced its stake in Honeywell International Inc. (NYSE:HON) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,253 shares of the conglomerate’s stock after selling 69 shares during the quarter. JNBA Financial Advisors’ holdings in Honeywell International were worth $393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in HON. Geode Capital Management LLC raised its stake in shares of Honeywell International by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 9,444,396 shares of the conglomerate’s stock worth $1,245,566,000 after acquiring an additional 478,988 shares in the last quarter. Clearbridge Investments LLC raised its stake in shares of Honeywell International by 8.5% during the first quarter. Clearbridge Investments LLC now owns 6,918,765 shares of the conglomerate’s stock worth $1,099,530,000 after acquiring an additional 544,684 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Honeywell International by 5.6% during the fourth quarter. Legal & General Group Plc now owns 3,586,190 shares of the conglomerate’s stock worth $473,778,000 after acquiring an additional 191,120 shares in the last quarter. Thoroughbred Financial Services LLC raised its stake in shares of Honeywell International by 18,092.3% during the second quarter. Thoroughbred Financial Services LLC now owns 2,553,654 shares of the conglomerate’s stock worth $255,365,000 after acquiring an additional 2,539,617 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Honeywell International by 146.7% during the fourth quarter. Millennium Management LLC now owns 2,200,205 shares of the conglomerate’s stock worth $290,691,000 after acquiring an additional 1,308,339 shares in the last quarter. 76.90% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have commented on HON. Royal Bank of Canada set a $177.00 price target on shares of Honeywell International and gave the stock a “buy” rating in a research note on Friday, July 19th. Barclays lifted their price target on shares of Honeywell International from $186.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Credit Suisse Group lifted their price target on shares of Honeywell International from $185.00 to $187.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Deutsche Bank lifted their price target on shares of Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Finally, Jefferies Financial Group raised their target price on shares of Honeywell International from $190.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Honeywell International has a consensus rating of “Buy” and an average price target of $184.08.

In related news, CEO Vimal Kapur sold 5,000 shares of Honeywell International stock in a transaction on Monday, May 20th. The shares were sold at an average price of $169.58, for a total value of $847,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.73% of the company’s stock.

Shares of Honeywell International stock opened at $164.33 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.19 and a quick ratio of 0.96. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $178.47. The company has a market capitalization of $118.24 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.09. The business has a 50 day moving average price of $173.96.

Honeywell International (NYSE:HON) last issued its earnings results on Thursday, July 18th. The conglomerate reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.02. Honeywell International had a net margin of 18.17% and a return on equity of 32.02%. The firm had revenue of $9.24 billion for the quarter, compared to analysts’ expectations of $9.37 billion. During the same quarter last year, the business earned $2.12 earnings per share. The business’s revenue was down 15.3% on a year-over-year basis. Analysts forecast that Honeywell International Inc. will post 8.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 2.00%. The ex-dividend date is Thursday, August 15th. Honeywell International’s dividend payout ratio (DPR) is currently 40.95%.

Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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

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