Honeywell International Inc. (NYSE:HON) Shares Sold by Oregon Public Employees Retirement Fund


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Oregon Public Employees Retirement Fund lowered its position in Honeywell International Inc. (NYSE:HON) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 133,256 shares of the conglomerate’s stock after selling 5,046 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Honeywell International were worth $28,344,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Honeywell International by 4.8% in the fourth quarter. BlackRock Inc. now owns 42,835,736 shares of the conglomerate’s stock worth $9,111,162,000 after acquiring an additional 1,948,217 shares during the period. State Street Corp raised its position in shares of Honeywell International by 18.6% in the third quarter. State Street Corp now owns 35,033,843 shares of the conglomerate’s stock worth $5,766,921,000 after acquiring an additional 5,484,767 shares during the period. Morgan Stanley raised its position in shares of Honeywell International by 10.8% in the third quarter. Morgan Stanley now owns 11,348,328 shares of the conglomerate’s stock worth $1,868,049,000 after acquiring an additional 1,104,581 shares during the period. CIBC Private Wealth Group LLC raised its position in shares of Honeywell International by 17.4% in the third quarter. CIBC Private Wealth Group LLC now owns 1,890,993 shares of the conglomerate’s stock worth $311,082,000 after acquiring an additional 280,515 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Honeywell International by 3.5% during the 4th quarter. California Public Employees Retirement System now owns 1,766,934 shares of the conglomerate’s stock worth $375,827,000 after purchasing an additional 59,689 shares during the last quarter. Institutional investors and hedge funds own 75.97% of the company’s stock.

Shares of Honeywell International stock traded up $0.58 during mid-day trading on Tuesday, hitting $204.20. The stock had a trading volume of 48,175 shares, compared to its average volume of 2,683,871. The firm has a 50-day moving average of $204.06 and a two-hundred day moving average of $187.85. Honeywell International Inc. has a 12-month low of $101.08 and a 12-month high of $216.70. The company has a quick ratio of 1.37, a current ratio of 1.64 and a debt-to-equity ratio of 0.97. The firm has a market cap of $142.02 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 3.41 and a beta of 1.13.

Honeywell International (NYSE:HON) last posted its quarterly earnings results on Thursday, January 28th. The conglomerate reported $2.07 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.07. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The business had revenue of $8.90 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the prior year, the company posted $2.06 EPS. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts expect that Honeywell International Inc. will post 7.03 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 12th. Stockholders of record on Friday, February 26th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Thursday, February 25th. This represents a $3.72 annualized dividend and a dividend yield of 1.82%. Honeywell International’s dividend payout ratio (DPR) is 45.59%.

Several research analysts recently weighed in on the stock. Bank of America upped their price target on shares of Honeywell International from $180.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. Argus upped their price target on shares of Honeywell International from $195.00 to $225.00 and gave the stock a “buy” rating in a research report on Monday, February 1st. Jefferies Financial Group downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and upped their price target for the stock from $190.00 to $210.00 in a research report on Wednesday, November 18th. They noted that the move was a valuation call. UBS Group upped their price target on shares of Honeywell International from $180.00 to $216.00 and gave the stock a “neutral” rating in a research report on Friday, January 15th. They noted that the move was a valuation call. Finally, Barclays upped their price target on shares of Honeywell International from $180.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, November 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. Honeywell International has an average rating of “Hold” and an average price target of $193.33.

In related news, major shareholder Honeywell International Inc acquired 15,000 shares of the stock in a transaction that occurred on Thursday, December 17th. The stock was purchased at an average price of $4.20 per share, with a total value of $63,000.00. Following the transaction, the insider now owns 2,892,116 shares of the company’s stock, valued at approximately $12,146,887.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.64% of the company’s stock.

Honeywell International Profile

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; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.

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

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