Honeywell International Inc. (NASDAQ:HON) Stock Position Reduced by American International Group Inc.

American International Group Inc. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 213,261 shares of the conglomerate’s stock after selling 2,062 shares during the period. American International Group Inc.’s holdings in Honeywell International were worth $44,723,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $27,000. Cordant Inc. acquired a new stake in Honeywell International in the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. acquired a new stake in Honeywell International in the 4th quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the 4th quarter valued at approximately $37,000. Finally, True Wealth Design LLC increased its position in Honeywell International by 44.1% in the 4th quarter. True Wealth Design LLC now owns 206 shares of the conglomerate’s stock valued at $43,000 after acquiring an additional 63 shares during the period. Institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.

Honeywell International Stock Performance

HON traded down $0.10 on Friday, hitting $208.53. 2,239,211 shares of the stock traded hands, compared to its average volume of 2,374,790. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $211.63. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $135.79 billion, a PE ratio of 24.16, a P/E/G ratio of 2.22 and a beta of 1.03. The business has a fifty day moving average price of $199.98 and a two-hundred day moving average price of $200.29.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.07 earnings per share. On average, research analysts predict that Honeywell International Inc. will post 10.24 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s payout ratio is currently 50.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HON shares. Barclays lifted their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. UBS Group upgraded Honeywell International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $175.00 to $215.00 in a report on Monday, June 10th. Finally, Royal Bank of Canada decreased their target price on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $224.75.

Honeywell International Company 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.