Franklin Street Advisors Inc. NC Sells 275 Shares of Honeywell International Inc. (NASDAQ:HON)

Franklin Street Advisors Inc. NC decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,244 shares of the conglomerate’s stock after selling 275 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Honeywell International were worth $1,729,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in Honeywell International by 1.8% in the second quarter. BlackRock Inc. now owns 43,079,893 shares of the conglomerate’s stock worth $8,939,078,000 after purchasing an additional 753,256 shares in the last quarter. State Street Corp grew its position in shares of Honeywell International by 0.5% during the 2nd quarter. State Street Corp now owns 30,982,913 shares of the conglomerate’s stock worth $6,428,954,000 after buying an additional 146,701 shares in the last quarter. Morgan Stanley raised its holdings in shares of Honeywell International by 1.6% in the fourth quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock valued at $3,275,277,000 after acquiring an additional 241,992 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Honeywell International by 5.2% in the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock worth $1,292,307,000 after acquiring an additional 347,808 shares during the period. Finally, Northern Trust Corp grew its holdings in Honeywell International by 4.3% during the 3rd quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock worth $1,188,533,000 after acquiring an additional 263,640 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.45% of the company’s stock.

Honeywell International Stock Up 0.1 %

Honeywell International stock opened at $205.25 on Friday. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The business has a fifty day moving average price of $199.02 and a 200-day moving average price of $195.08. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a market capitalization of $133.86 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 2.31 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter last year, the company earned $2.52 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.10%. Honeywell International’s dividend payout ratio is currently 51.00%.

Analysts Set New Price Targets

Several research firms have recently commented on HON. Barclays boosted their price target on shares of Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Royal Bank of Canada lowered their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Wells Fargo & Company lifted their price target on Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, December 19th. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $220.89.

About Honeywell International

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.