Banque Pictet & Cie SA Has $61.66 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Banque Pictet & Cie SA increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 10.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,734 shares of the conglomerate’s stock after purchasing an additional 27,805 shares during the quarter. Honeywell International makes up about 0.6% of Banque Pictet & Cie SA’s portfolio, making the stock its 28th largest holding. Banque Pictet & Cie SA’s holdings in Honeywell International were worth $61,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in HON. Price T Rowe Associates Inc. MD increased its position in Honeywell International by 32.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock worth $1,644,328,000 after purchasing an additional 1,899,373 shares in the last quarter. Natixis increased its position in Honeywell International by 184.8% during the 1st quarter. Natixis now owns 838,716 shares of the conglomerate’s stock worth $172,146,000 after purchasing an additional 544,175 shares in the last quarter. Capital Research Global Investors increased its position in Honeywell International by 20.4% during the 4th quarter. Capital Research Global Investors now owns 3,189,925 shares of the conglomerate’s stock worth $668,959,000 after purchasing an additional 539,644 shares in the last quarter. First Financial Bankshares Inc acquired a new position in Honeywell International during the 4th quarter worth approximately $72,580,000. Finally, Dimensional Fund Advisors LP increased its position in Honeywell International by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,627 shares of the conglomerate’s stock worth $518,740,000 after purchasing an additional 269,739 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 1.2 %

NASDAQ HON traded up $2.34 on Friday, hitting $202.48. 2,948,370 shares of the company were exchanged, compared to its average volume of 2,912,915. The company has a market cap of $131.85 billion, a PE ratio of 23.46, a PEG ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $220.79. The stock has a fifty day moving average of $208.19 and a 200-day moving average of $202.53. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.07. The business had revenue of $9.58 billion for the quarter, compared to analyst estimates of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. Honeywell International’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.23 earnings per share. As a group, analysts forecast that Honeywell International Inc. will post 10.14 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, August 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HON shares. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Thursday. Citigroup boosted their target price on shares of Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Finally, Royal Bank of Canada reduced their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $225.00.

Honeywell International 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.