Dimensional Fund Advisors LP Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Dimensional Fund Advisors LP lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,075,901 shares of the conglomerate’s stock after selling 33,366 shares during the period. Dimensional Fund Advisors LP owned 0.47% of Honeywell International worth $694,837,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Elevatus Welath Management grew its position in Honeywell International by 46.1% during the fourth quarter. Elevatus Welath Management now owns 1,668 shares of the conglomerate’s stock worth $377,000 after buying an additional 526 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of Honeywell International by 40.7% during the fourth quarter. Forum Financial Management LP now owns 5,276 shares of the conglomerate’s stock worth $1,192,000 after purchasing an additional 1,526 shares in the last quarter. Capital International Ltd. CA purchased a new stake in Honeywell International in the fourth quarter valued at approximately $4,888,000. Capital Group Investment Management PTE. LTD. bought a new stake in Honeywell International during the fourth quarter valued at approximately $1,181,000. Finally, Capital International Investors grew its stake in Honeywell International by 8.3% in the 4th quarter. Capital International Investors now owns 2,230,845 shares of the conglomerate’s stock worth $503,966,000 after buying an additional 170,270 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

HON has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective 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. Barclays cut their target price on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Finally, Royal Bank of Canada reduced their target price on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $242.15.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.

Honeywell International Trading Up 1.7 %

HON opened at $196.60 on Friday. 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 Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The stock has a market cap of $126.46 billion, a PE ratio of 22.57, a PEG ratio of 2.51 and a beta of 1.01. The business has a 50 day moving average of $205.92 and a 200-day moving average of $216.02.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.30%. Honeywell International’s payout ratio is presently 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.