Northwestern Mutual Wealth Management Co. trimmed its stake in Honeywell International Inc. (NASDAQ:HON – Free Report) by 4.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 94,439 shares of the conglomerate’s stock after selling 4,582 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Honeywell International were worth $18,424,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of HON. Holos Integrated Wealth LLC acquired a new position in Honeywell International during the 4th quarter valued at about $25,000. Ares Financial Consulting LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $26,000. Strategic Wealth Advisors LLC bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new position in shares of Honeywell International during the third quarter worth approximately $31,000. Finally, Strive Asset Management LLC bought a new position in Honeywell International in the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.
Honeywell International Price Performance
NASDAQ HON opened at $237.86 on Monday. The company’s 50 day simple moving average is $223.60 and its 200 day simple moving average is $217.96. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.39 and a quick ratio of 1.10. The firm has a market capitalization of $150.72 billion, a PE ratio of 33.69, a P/E/G ratio of 3.40 and a beta of 0.85. Honeywell International Inc. has a 12 month low of $186.76 and a 12 month high of $248.18.
Honeywell International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 15th will be paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, May 15th. Honeywell International’s dividend payout ratio (DPR) is presently 67.42%.
Wall Street Analyst Weigh In
HON has been the topic of several recent analyst reports. Jefferies Financial Group cut their target price on Honeywell International from $245.00 to $240.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Wells Fargo & Company reduced their price target on Honeywell International from $235.00 to $230.00 and set an “equal weight” rating for the company in a research report on Friday, April 24th. Rothschild & Co Redburn lowered their price target on Honeywell International from $235.00 to $225.00 and set a “neutral” rating on the stock in a report on Thursday, May 21st. TD Cowen lowered their price target on Honeywell International from $240.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Finally, Citigroup lowered their price target on Honeywell International from $265.00 to $257.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $247.29.
Get Our Latest Stock Analysis on HON
Honeywell International Company Profile
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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