Profund Advisors LLC cut its stake in Honeywell International Inc. (NYSE:HON) by 25.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,206 shares of the conglomerate’s stock after selling 6,600 shares during the period. Profund Advisors LLC’s holdings in Honeywell International were worth $2,398,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Markston International LLC increased its position in shares of Honeywell International by 0.8% in the third quarter. Markston International LLC now owns 70,629 shares of the conglomerate’s stock valued at $8,235,000 after buying an additional 560 shares in the last quarter. Cadence Bank NA increased its position in shares of Honeywell International by 0.7% in the fourth quarter. Cadence Bank NA now owns 5,400 shares of the conglomerate’s stock valued at $626,000 after buying an additional 36 shares in the last quarter. Mcdaniel Terry & Co. increased its position in shares of Honeywell International by 2.6% in the third quarter. Mcdaniel Terry & Co. now owns 126,470 shares of the conglomerate’s stock valued at $14,745,000 after buying an additional 3,259 shares in the last quarter. Comerica Bank increased its position in shares of Honeywell International by 4.3% in the fourth quarter. Comerica Bank now owns 265,806 shares of the conglomerate’s stock valued at $31,384,000 after buying an additional 10,993 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Honeywell International by 700.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 868,555 shares of the conglomerate’s stock valued at $100,622,000 after buying an additional 759,998 shares in the last quarter. Institutional investors and hedge funds own 76.17% of the company’s stock.

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

Shares of Honeywell International Inc. (NYSE:HON) opened at 133.25 on Friday. Honeywell International Inc. has a 12 month low of $105.25 and a 12 month high of $135.00. The stock’s 50 day moving average price is $129.19 and its 200-day moving average price is $122.03. The company has a market cap of $101.58 billion, a P/E ratio of 20.98 and a beta of 0.94.

Honeywell International (NYSE:HON) last released its quarterly earnings data on Friday, April 21st. The conglomerate reported $1.66 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.04. The firm had revenue of $9.49 billion during the quarter, compared to analyst estimates of $9.33 billion. Honeywell International had a return on equity of 26.79% and a net margin of 12.07%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.56 earnings per share. Equities research analysts expect that Honeywell International Inc. will post $7.09 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, May 17th. Honeywell International’s dividend payout ratio (DPR) is 43.39%.

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Several research analysts have commented on HON shares. Morgan Stanley raised their target price on Honeywell International from $126.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, January 30th. Zacks Investment Research downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Jefferies Group LLC raised their target price on Honeywell International from $133.00 to $141.00 and gave the stock a “positive” rating in a research note on Tuesday, February 21st. Credit Suisse Group AG raised their target price on Honeywell International from $112.00 to $115.00 and gave the stock a “neutral” rating in a research note on Monday, January 30th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $148.00 target price (up previously from $134.00) on shares of Honeywell International in a research note on Friday, March 3rd. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $134.05.

In other news, VP Jennifer H. Mak sold 5,510 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $131.88, for a total value of $726,658.80. Following the completion of the transaction, the vice president now owns 3,141 shares of the company’s stock, valued at $414,235.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David M. Cote sold 969,650 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $130.78, for a total value of $126,810,827.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,253,667 shares of company stock valued at $164,049,416. Corporate insiders own 1.83% of the company’s stock.

About Honeywell International

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

12 Month Chart for NYSE:HON

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