Bridges Investment Management Inc. Has $4.83 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Bridges Investment Management Inc. reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,617 shares of the conglomerate’s stock after selling 1,030 shares during the period. Bridges Investment Management Inc.’s holdings in Honeywell International were worth $4,830,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HON. Connectus Wealth LLC raised its holdings in shares of Honeywell International by 2.2% during the fourth quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock worth $47,128,000 after acquiring an additional 4,789 shares in the last quarter. Sanibel Captiva Trust Company Inc. purchased a new stake in shares of Honeywell International during the 4th quarter worth about $27,230,000. Trilogy Capital Inc. lifted its holdings in shares of Honeywell International by 125.7% during the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock valued at $497,000 after buying an additional 1,349 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Honeywell International in the 1st quarter valued at approximately $1,398,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Honeywell International in the first quarter worth approximately $1,110,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

NASDAQ HON opened at $203.70 on Friday. The stock has a 50-day simple moving average of $204.74 and a 200 day simple moving average of $203.39. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The stock has a market capitalization of $132.65 billion, a PE ratio of 23.60, a P/E/G ratio of 2.32 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.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.07. The company had revenue of $9.58 billion during the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.23 earnings per share. Research analysts anticipate that Honeywell International Inc. will post 10.11 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were given a $1.08 dividend. The ex-dividend date was Friday, August 16th. This represents a $4.32 annualized dividend and a yield of 2.12%. Honeywell International’s dividend payout ratio is 50.06%.

Analyst Ratings Changes

Several analysts have commented on HON shares. Wells Fargo & Company decreased their target price on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Citigroup upped their price objective on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and raised their target price for the company from $175.00 to $215.00 in a report on Monday, June 10th. Morgan Stanley started coverage on Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 price target for the company. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, August 30th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $223.13.

Honeywell International 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.