True North Advisors LLC Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

True North Advisors LLC lessened its position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,068 shares of the conglomerate’s stock after selling 53 shares during the quarter. True North Advisors LLC’s holdings in Honeywell International were worth $643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. State Street Corp increased its position in Honeywell International by 0.5% during the 2nd quarter. State Street Corp now owns 30,982,913 shares of the conglomerate’s stock worth $6,428,954,000 after purchasing an additional 146,701 shares in the last quarter. Morgan Stanley increased its position in shares of Honeywell International by 1.6% in the fourth quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock worth $3,275,277,000 after acquiring an additional 241,992 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Honeywell International by 5.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after acquiring an additional 347,808 shares in the last quarter. Northern Trust Corp increased its holdings in Honeywell International by 4.3% in the 3rd quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock valued at $1,188,533,000 after purchasing an additional 263,640 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its stake in shares of Honeywell International by 101,603.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock worth $1,223,139,000 after purchasing an additional 5,701,989 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HON shares. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Barclays lifted their target price on Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $220.89.

Read Our Latest Report on Honeywell International

Honeywell International Trading Down 1.6 %

Shares of NASDAQ HON opened at $202.01 on Tuesday. The stock has a market capitalization of $131.75 billion, a P/E ratio of 23.85, a PEG ratio of 2.31 and a beta of 1.02. The stock’s 50 day moving average price is $199.21 and its two-hundred day moving average price is $195.36. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87.

Honeywell International (NASDAQ:HONGet Free Report) last released its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same quarter in the previous year, the firm earned $2.52 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts anticipate that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Honeywell International Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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