Securian Asset Management Inc. Has $7.30 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Securian Asset Management Inc. trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,460 shares of the conglomerate’s stock after selling 487 shares during the quarter. Securian Asset Management Inc.’s holdings in Honeywell International were worth $7,297,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in HON. Gateway Wealth Partners LLC lifted its holdings in shares of Honeywell International by 2.5% during the 1st quarter. Gateway Wealth Partners LLC now owns 2,044 shares of the conglomerate’s stock valued at $433,000 after buying an additional 49 shares during the period. Zions Bancorporation N.A. lifted its position in shares of Honeywell International by 7.4% during the 4th quarter. Zions Bancorporation N.A. now owns 726 shares of the conglomerate’s stock valued at $164,000 after buying an additional 50 shares in the last quarter. Cetera Trust Company N.A boosted its position in shares of Honeywell International by 0.5% in the first quarter. Cetera Trust Company N.A now owns 10,475 shares of the conglomerate’s stock worth $2,218,000 after purchasing an additional 50 shares during the period. Kennedy Investment Group increased its stake in Honeywell International by 1.7% in the 1st quarter. Kennedy Investment Group now owns 3,019 shares of the conglomerate’s stock worth $639,000 after buying an additional 51 shares in the last quarter. Finally, Palumbo Wealth Management LLC raised its stake in Honeywell International by 1.8% during the 1st quarter. Palumbo Wealth Management LLC now owns 3,053 shares of the conglomerate’s stock valued at $646,000 after purchasing an additional 54 shares during the period. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Honeywell International from $182.00 to $217.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $226.00 price target on shares of Honeywell International in a research note on Wednesday, June 25th. Mizuho upped their price objective on Honeywell International from $235.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Barclays raised their target price on shares of Honeywell International from $258.00 to $265.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company lifted their price objective on Honeywell International from $225.00 to $240.00 and gave the company an “equal weight” rating in a report on Tuesday, July 1st. Eight research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $250.79.

Honeywell International Stock Performance

Shares of HON opened at $235.93 on Monday. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a fifty day moving average price of $225.84 and a 200-day moving average price of $216.23. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.43. The firm has a market cap of $151.63 billion, a PE ratio of 27.12, a P/E/G ratio of 2.68 and a beta of 1.07.

Honeywell International (NASDAQ:HON) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.51% and a return on equity of 36.19%. Honeywell International’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 EPS. Equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 16th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Friday, May 16th. Honeywell International’s dividend payout ratio is presently 51.95%.

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.