Zions Bancorporation N.A. Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Zions Bancorporation N.A. reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 14.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 756 shares of the conglomerate’s stock after selling 131 shares during the period. Zions Bancorporation N.A.’s holdings in Honeywell International were worth $161,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HON. Connectus Wealth LLC grew its stake in shares of Honeywell International by 2.2% during the 4th quarter. Connectus Wealth LLC now owns 224,661 shares of the conglomerate’s stock valued at $47,128,000 after buying an additional 4,789 shares during the period. Main Street Financial Solutions LLC grew its position in Honeywell International by 2.6% during the fourth quarter. Main Street Financial Solutions LLC now owns 4,561 shares of the conglomerate’s stock valued at $956,000 after acquiring an additional 114 shares during the period. Sanibel Captiva Trust Company Inc. acquired a new stake in Honeywell International during the fourth quarter worth about $27,230,000. Trilogy Capital Inc. raised its holdings in shares of Honeywell International by 125.7% in the 1st quarter. Trilogy Capital Inc. now owns 2,422 shares of the conglomerate’s stock worth $497,000 after purchasing an additional 1,349 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Honeywell International during the 1st quarter worth about $1,398,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the topic of several research reports. Royal Bank of Canada cut 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 report on Friday, July 26th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. Wells Fargo & Company reduced their price objective on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Friday, July 26th. Morgan Stanley initiated coverage on Honeywell International in a research note on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price for the company. Finally, Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average price target of $223.13.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $204.15 on Friday. The business has a 50 day moving average price of $205.48 and a two-hundred day moving average price of $203.28. 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 market cap of $132.63 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. 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 (NASDAQ:HON) last issued its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) 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 analyst estimates of $9.41 billion. During the same quarter in the previous year, the firm earned $2.23 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 10.11 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend 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%.

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.