Epoch Investment Partners Inc. Lowers Stake in Honeywell International Inc. (NASDAQ:HON)

Epoch Investment Partners Inc. cut its position in Honeywell International Inc. (NASDAQ:HON) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 158,375 shares of the conglomerate’s stock after selling 4,103 shares during the period. Epoch Investment Partners Inc.’s holdings in Honeywell International were worth $33,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. LGT Group Foundation purchased a new stake in Honeywell International during the 1st quarter valued at approximately $26,000. Scarborough Advisors LLC bought a new position in shares of Honeywell International during the fourth quarter worth $27,000. Richardson Capital Management LLC bought a new position in shares of Honeywell International during the first quarter worth $35,000. Financial Connections Group Inc. bought a new stake in Honeywell International in the 2nd quarter valued at $38,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International in the 1st quarter worth $39,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 0.2 %

NASDAQ HON opened at $203.35 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $220.79. The firm has a market capitalization of $132.42 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.32 and a beta of 1.03. The company has a fifty day moving average of $204.50 and a two-hundred day moving average of $203.48.

Honeywell International (NASDAQ:HON) last released 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 firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.23 EPS. On average, analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Morgan Stanley initiated coverage on Honeywell International in a research report on Friday, September 6th. They set an “equal weight” rating and a $210.00 price objective for the company. Daiwa America upgraded Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. UBS Group raised shares of 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. Finally, Royal Bank of Canada decreased their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average price target of $223.13.

Honeywell International Company 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.