Honeywell International Inc. (NASDAQ:HON) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,965 shares of the conglomerate’s stock after selling 1,947 shares during the period. Brown Brothers Harriman & Co.’s holdings in Honeywell International were worth $3,606,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HON. Raymond James Financial Inc. purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $435,786,000. ING Groep NV raised its stake in Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after purchasing an additional 1,574,376 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. Cibc World Markets Corp boosted its position in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after buying an additional 1,018,099 shares during the period. Finally, Boston Partners grew its holdings in shares of Honeywell International by 29.2% during the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock valued at $675,986,000 after buying an additional 677,213 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HON. Royal Bank of Canada reduced their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Citigroup cut their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company lowered their price target on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. JPMorgan Chase & Co. cut their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $249.08.

Honeywell International Trading Down 1.8 %

Shares of HON stock opened at $210.34 on Friday. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a market cap of $136.70 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average is $213.21 and its two-hundred day moving average is $216.98.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.15%. Honeywell International’s payout ratio is 51.89%.

Insider Buying and Selling at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company’s stock.

Honeywell International Company 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.