Commerzbank Aktiengesellschaft FI Sells 4,720 Shares of Honeywell International Inc. (NASDAQ:HON)

Commerzbank Aktiengesellschaft FI decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 197,354 shares of the conglomerate’s stock after selling 4,720 shares during the quarter. Honeywell International comprises approximately 1.4% of Commerzbank Aktiengesellschaft FI’s investment portfolio, making the stock its 20th largest holding. Commerzbank Aktiengesellschaft FI’s holdings in Honeywell International were worth $42,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. LGT Group Foundation bought a new position in shares of Honeywell International in the 1st quarter worth $26,000. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International in the 4th quarter worth about $27,000. Scarborough Advisors LLC bought a new position in Honeywell International in the 4th quarter valued at about $27,000. Richardson Capital Management LLC bought a new stake in Honeywell International during the 1st quarter worth approximately $35,000. Finally, Pathway Financial Advisers LLC purchased a new stake in Honeywell International in the 1st quarter valued at $39,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $1.03 during trading hours on Tuesday, reaching $200.07. The company had a trading volume of 3,059,844 shares, compared to its average volume of 2,926,617. 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 one year low of $174.88 and a one year high of $220.79. The firm has a market cap of $130.28 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The business has a fifty day simple moving average of $208.62 and a 200 day simple moving average of $202.43.

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 the consensus estimate 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 company’s revenue was up 4.7% on a year-over-year basis. On average, analysts anticipate that Honeywell International Inc. will post 10.14 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 16th will be given a dividend of $1.08 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.16%. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $175.00 to $215.00 in a report on Monday, June 10th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Friday. Wells Fargo & Company decreased their price objective on shares of Honeywell International from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Friday, July 26th. Citigroup boosted their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Finally, Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

About Honeywell International

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.