Bank of Nova Scotia Has $62.80 Million Position in Honeywell International Inc. (NASDAQ:HON)

Bank of Nova Scotia lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 62.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,597 shares of the conglomerate’s stock after selling 500,583 shares during the period. Bank of Nova Scotia’s holdings in Honeywell International were worth $62,803,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Pitcairn Co. boosted its stake in shares of Honeywell International by 1.2% in the 4th quarter. Pitcairn Co. now owns 5,072 shares of the conglomerate’s stock valued at $1,146,000 after purchasing an additional 61 shares in the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in shares of Honeywell International in the 4th quarter valued at $43,029,000. Perennial Investment Advisors LLC boosted its stake in shares of Honeywell International by 5.2% in the 4th quarter. Perennial Investment Advisors LLC now owns 1,796 shares of the conglomerate’s stock valued at $406,000 after purchasing an additional 88 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Honeywell International by 2.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,051,730 shares of the conglomerate’s stock valued at $237,575,000 after purchasing an additional 22,616 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $217.71 on Friday. The stock has a market capitalization of $138.22 billion, a P/E ratio of 24.77, a P/E/G ratio of 2.46 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 1.81. The business has a 50-day moving average price of $229.24 and a two-hundred day moving average price of $217.06.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, July 24th. The conglomerate reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. The firm had revenue of $10.35 billion during the quarter, compared to analysts’ expectations of $10.01 billion. Honeywell International had a return on equity of 37.37% and a net margin of 14.30%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.49 EPS. Equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International’s dividend payout ratio is 51.42%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HON. JPMorgan Chase & Co. lifted their price target on Honeywell International from $182.00 to $217.00 and gave the company a “neutral” rating in a report on Friday, May 16th. Morgan Stanley lifted their price target on Honeywell International from $225.00 to $245.00 and gave the company an “equal weight” rating in a report on Monday, July 28th. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $230.00 and set an “equal weight” rating for the company in a report on Friday, July 25th. Royal Bank Of Canada cut their price target on Honeywell International from $254.00 to $253.00 and set a “sector perform” rating for the company in a report on Friday, July 25th. Finally, Barclays lifted their price target on Honeywell International from $258.00 to $265.00 and gave the company an “overweight” rating in a report on Wednesday, July 9th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $254.00.

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.