Sompo Asset Management Co. Ltd. Sells 1,545 Shares of Honeywell International Inc. (NASDAQ:HON)

Sompo Asset Management Co. Ltd. trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 37.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,600 shares of the conglomerate’s stock after selling 1,545 shares during the period. Sompo Asset Management Co. Ltd.’s holdings in Honeywell International were worth $555,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in HON. LGT Group Foundation acquired a new stake in Honeywell International in the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC acquired a new stake in Honeywell International in the 4th quarter valued at approximately $27,000. Richardson Capital Management LLC acquired a new stake in Honeywell International in the 1st quarter valued at approximately $35,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the 2nd quarter valued at approximately $38,000. Finally, Pathway Financial Advisers LLC acquired a new stake in Honeywell International in the 1st quarter valued at approximately $39,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $203.35 on Friday. The business’s fifty day moving average price is $204.50 and its two-hundred day moving average price is $203.46. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The stock has a market capitalization of $132.42 billion, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same period in the prior year, the business posted $2.23 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that Honeywell International Inc. will post 10.11 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wells Fargo & Company lowered their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Finally, Citigroup boosted their price objective on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.