CI Investments Inc. Sells 15,634 Shares of Honeywell International Inc. (NASDAQ:HON)

CI Investments Inc. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HONGet Rating) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 536,966 shares of the conglomerate’s stock after selling 15,634 shares during the quarter. CI Investments Inc. owned 0.08% of Honeywell International worth $93,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Honeywell International by 6.1% during the first quarter. Vanguard Group Inc. now owns 59,519,520 shares of the conglomerate’s stock valued at $11,581,308,000 after purchasing an additional 3,400,094 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Honeywell International by 15.1% during the 1st quarter. Wellington Management Group LLP now owns 14,683,542 shares of the conglomerate’s stock valued at $2,857,123,000 after buying an additional 1,921,577 shares during the period. BlackRock Inc. increased its position in Honeywell International by 2.1% during the first quarter. BlackRock Inc. now owns 42,068,861 shares of the conglomerate’s stock valued at $8,185,760,000 after acquiring an additional 883,708 shares during the last quarter. Capital International Investors grew its stake in shares of Honeywell International by 10.2% during the 1st quarter. Capital International Investors now owns 9,518,037 shares of the conglomerate’s stock valued at $1,852,406,000 after purchasing an additional 879,148 shares during the period. Finally, Invesco Ltd. increased its position in shares of Honeywell International by 29.8% during the 1st quarter. Invesco Ltd. now owns 3,595,034 shares of the conglomerate’s stock valued at $699,521,000 after purchasing an additional 825,639 shares during the last quarter. 74.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In other Honeywell International news, COO Vimal Kapur sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $207.46, for a total transaction of $1,555,950.00. Following the sale, the chief operating officer now owns 13,896 shares of the company’s stock, valued at approximately $2,882,864.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Honeywell International news, COO Vimal Kapur sold 7,500 shares of Honeywell International stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $207.46, for a total transaction of $1,555,950.00. Following the completion of the sale, the chief operating officer now directly owns 13,896 shares in the company, valued at approximately $2,882,864.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Darius Adamczyk sold 40,520 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $211.20, for a total transaction of $8,557,824.00. Following the completion of the sale, the chief executive officer now directly owns 170,881 shares in the company, valued at $36,090,067.20. The disclosure for this sale can be found here. Insiders have sold 53,440 shares of company stock valued at $11,274,575 in the last ninety days. Corporate insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent research reports. Cowen increased their price target on shares of Honeywell International to $215.00 in a research report on Tuesday, November 1st. TheStreet raised shares of Honeywell International from a “c+” rating to a “b-” rating in a report on Thursday, August 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Honeywell International from $220.00 to $209.00 and set a “buy” rating for the company in a research note on Thursday, October 13th. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Saturday, October 8th. Finally, Royal Bank of Canada increased their price target on Honeywell International from $184.00 to $199.00 and gave the company a “sector perform” rating in a report on Friday, October 28th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $213.38.

Honeywell International Stock Up 0.1 %

HON traded up $0.15 on Thursday, hitting $218.91. The company had a trading volume of 2,686,758 shares, compared to its average volume of 3,573,677. Honeywell International Inc. has a 12-month low of $166.63 and a 12-month high of $221.89. The stock has a market capitalization of $147.18 billion, a price-to-earnings ratio of 28.03, a P/E/G ratio of 2.90 and a beta of 1.13. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.94 and a current ratio of 1.24. The stock has a fifty day moving average price of $192.96 and a 200-day moving average price of $188.88.

Honeywell International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 11th will be paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 1.88%. This is an increase from Honeywell International’s previous quarterly dividend of $0.98. The ex-dividend date of this dividend is Wednesday, November 9th. Honeywell International’s payout ratio is 52.75%.

Honeywell International Profile

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Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems, as well as wireless connectivity and management services.

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

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