Nuveen Asset Management LLC Sells 904,374 Shares of Honeywell International Inc. (NASDAQ:HON)

Nuveen Asset Management LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,091,007 shares of the conglomerate’s stock after selling 904,374 shares during the period. Nuveen Asset Management LLC owned approximately 1.09% of Honeywell International worth $1,601,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Baldwin Wealth Partners LLC MA increased its position in shares of Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after acquiring an additional 2,611 shares during the period. World Investment Advisors lifted its holdings in shares of Honeywell International by 137.7% in the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate’s stock worth $5,057,000 after buying an additional 12,969 shares during the period. Coordinated Financial Services Inc. bought a new position in shares of Honeywell International during the 4th quarter worth $361,000. Costello Asset Management INC purchased a new position in shares of Honeywell International during the fourth quarter valued at $3,092,000. Finally, Schroder Investment Management Group raised its holdings in shares of Honeywell International by 12.7% in the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate’s stock valued at $20,235,000 after acquiring an additional 10,092 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of a number of research reports. Barclays cut their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 30th. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Wednesday, May 7th. Wells Fargo & Company increased their target price on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. reduced their price target on Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley raised their price objective on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $242.23.

Honeywell International Price Performance

Shares of HON stock opened at $218.22 on Wednesday. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a market capitalization of $140.25 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.51 and a beta of 1.07. The stock’s 50-day simple moving average is $205.60 and its 200-day simple moving average is $215.44.

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 14.82% and a return on equity of 35.78%. 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. As a group, equities analysts forecast 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 will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, May 16th. Honeywell International’s dividend payout ratio is presently 51.95%.

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.