Honeywell International Inc. (NASDAQ:HON) Stock Position Lessened by Fairfield Bush & CO.

Fairfield Bush & CO. reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 9.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,494 shares of the conglomerate’s stock after selling 865 shares during the period. Honeywell International accounts for about 1.1% of Fairfield Bush & CO.’s portfolio, making the stock its 25th biggest position. Fairfield Bush & CO.’s holdings in Honeywell International were worth $1,919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HON. Howard Capital Management Group LLC boosted its stake in Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after buying an additional 174 shares in the last quarter. M&T Bank Corp lifted its holdings in Honeywell International by 1.1% in the 3rd quarter. M&T Bank Corp now owns 298,210 shares of the conglomerate’s stock valued at $61,643,000 after acquiring an additional 3,143 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Honeywell International by 15.4% during the 3rd quarter. Westside Investment Management Inc. now owns 375 shares of the conglomerate’s stock valued at $78,000 after purchasing an additional 50 shares in the last quarter. Tudor Financial Inc. acquired a new position in shares of Honeywell International in the 3rd quarter worth approximately $425,000. Finally, Anchor Investment Management LLC raised its holdings in shares of Honeywell International by 46.4% in the 3rd quarter. Anchor Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $199,000 after purchasing an additional 305 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on HON shares. Barclays decreased their price target on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. cut their target price on Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Citigroup reduced their target price on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley lifted their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $242.15.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the 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 transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 2.8 %

HON stock opened at $193.28 on Thursday. The company has a 50 day moving average of $206.36 and a two-hundred day moving average of $216.15. The company has a market cap of $124.33 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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 return on equity of 35.78% and a net margin of 14.82%. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.34%. Honeywell International’s dividend payout ratio is currently 51.89%.

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.