Capital World Investors Cuts Stock Position in Honeywell International Inc. $HON

Capital World Investors lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 96.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 521,772 shares of the conglomerate’s stock after selling 14,611,869 shares during the period. Capital World Investors owned approximately 0.08% of Honeywell International worth $109,833,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HON. First National Trust Co lifted its holdings in Honeywell International by 9.4% during the third quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock worth $16,648,000 after buying an additional 6,803 shares during the period. Lockheed Martin Investment Management Co. bought a new stake in Honeywell International during the 3rd quarter valued at $4,147,000. Managed Asset Portfolios LLC increased its holdings in shares of Honeywell International by 2.3% in the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after acquiring an additional 2,154 shares during the period. Federated Hermes Inc. increased its holdings in shares of Honeywell International by 72.5% in the 3rd quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock valued at $2,034,000 after acquiring an additional 4,061 shares during the period. Finally, Global Retirement Partners LLC bought a new position in shares of Honeywell International in the 2nd quarter worth $1,943,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.5%

NASDAQ HON opened at $239.44 on Thursday. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $248.18. The company has a fifty day simple moving average of $228.24 and a two-hundred day simple moving average of $212.16. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The stock has a market cap of $152.21 billion, a P/E ratio of 29.97, a P/E/G ratio of 3.49 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period in the previous year, the company earned $2.47 earnings per share. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is presently 59.57%.

Insider Transactions at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. The trade was a 52.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,190 shares of company stock valued at $4,244,287 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Argus upped their price objective on Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a report on Saturday, January 3rd. BNP Paribas Exane increased their price target on shares of Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Bank of America restated an “underperform” rating and issued a $205.00 price target (down from $265.00) on shares of Honeywell International in a report on Tuesday, November 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Friday, January 30th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $251.22.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.