Honeywell International Inc. (NASDAQ:HON) Position Lessened by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 522,607 shares of the conglomerate’s stock after selling 4,841 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Honeywell International worth $111,598,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Gryphon Financial Partners LLC increased its stake in shares of Honeywell International by 211.0% during the fourth quarter. Gryphon Financial Partners LLC now owns 5,384 shares of the conglomerate’s stock valued at $1,130,000 after acquiring an additional 3,653 shares during the period. Assetmark Inc. raised its stake in shares of Honeywell International by 5.1% in the 4th quarter. Assetmark Inc. now owns 11,093 shares of the conglomerate’s stock worth $2,326,000 after buying an additional 543 shares in the last quarter. BlackDiamond Wealth Management LLC bought a new stake in shares of Honeywell International in the 4th quarter worth $201,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Honeywell International by 2.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 142,928 shares of the conglomerate’s stock valued at $29,973,000 after buying an additional 2,988 shares during the period. Finally, SageView Advisory Group LLC boosted its stake in Honeywell International by 168.2% during the fourth quarter. SageView Advisory Group LLC now owns 8,063 shares of the conglomerate’s stock valued at $1,660,000 after buying an additional 5,057 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 0.2 %

Honeywell International stock opened at $203.35 on Friday. 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 Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The firm has a fifty day moving average price of $204.50 and a two-hundred day moving average price of $203.42. The firm has a market cap of $132.42 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 2.32 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.23 EPS. As a group, analysts forecast that Honeywell International Inc. will post 10.11 earnings per share 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 issued 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 (DPR) is presently 50.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Citigroup increased 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. Morgan Stanley initiated coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Royal Bank of Canada dropped their price target on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research report on Friday, July 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average 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.