Honeywell International Inc. (NASDAQ:HON) Shares Bought by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its position in Honeywell International Inc. (NASDAQ:HON) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 202,217 shares of the conglomerate’s stock after buying an additional 4,863 shares during the quarter. Honeywell International comprises approximately 1.1% of Commerzbank Aktiengesellschaft FI’s holdings, making the stock its 25th largest position. Commerzbank Aktiengesellschaft FI’s holdings in Honeywell International were worth $41,800,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Capital Wealth Planning LLC purchased a new stake in shares of Honeywell International during the second quarter valued at $392,478,000. Price T Rowe Associates Inc. MD boosted its position in Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after acquiring an additional 1,746,759 shares during the period. Natixis increased its holdings in shares of Honeywell International by 184.8% in the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock valued at $172,146,000 after purchasing an additional 544,175 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Honeywell International by 12.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,950,562 shares of the conglomerate’s stock worth $630,086,000 after purchasing an additional 325,272 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Honeywell International by 3.9% during the second quarter. Ameriprise Financial Inc. now owns 8,365,840 shares of the conglomerate’s stock worth $1,786,449,000 after purchasing an additional 310,807 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered shares of Honeywell International from an “overweight” rating to a “neutral” rating and upped their price objective for the company from $225.00 to $235.00 in a research note on Thursday, October 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $214.00 price objective on shares of Honeywell International in a report on Thursday, September 26th. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Wells Fargo & Company cut their price target on Honeywell International from $215.00 to $207.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $223.56.

Honeywell International Stock Down 0.5 %

HON opened at $221.15 on Wednesday. The firm has a market cap of $144.01 billion, a P/E ratio of 25.76, a price-to-earnings-growth ratio of 2.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.91 and a current ratio of 1.21. The business has a 50 day moving average price of $206.54 and a 200 day moving average price of $205.19. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $222.98.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the previous year, the company earned $2.23 earnings per share. Honeywell International’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts forecast that Honeywell International Inc. will post 10.1 EPS for the current year.

Honeywell International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Honeywell International’s previous quarterly dividend of $1.08. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.04%. Honeywell International’s payout ratio is presently 52.38%.

About Honeywell International

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.