Honeywell International Inc. $HON Shares Sold by Capital World Investors

Capital World Investors lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 96.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 521,772 shares of the conglomerate’s stock after selling 14,611,869 shares during the quarter. Capital World Investors’ holdings in Honeywell International were worth $109,833,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Nova R Wealth Inc. raised its position in Honeywell International by 3.0% during the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock valued at $335,000 after acquiring an additional 47 shares in the last quarter. Willow Creek Wealth Management Inc. lifted its holdings in Honeywell International by 2.2% in the third quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate’s stock valued at $490,000 after acquiring an additional 50 shares during the period. VSM Wealth Advisory LLC boosted its position in Honeywell International by 4.5% in the 3rd quarter. VSM Wealth Advisory LLC now owns 1,150 shares of the conglomerate’s stock worth $242,000 after purchasing an additional 50 shares in the last quarter. Mather Group LLC. boosted its position in Honeywell International by 0.6% in the 3rd quarter. Mather Group LLC. now owns 8,616 shares of the conglomerate’s stock worth $1,814,000 after purchasing an additional 51 shares in the last quarter. Finally, Arrow Financial Corp grew its stake in shares of Honeywell International by 0.5% during the 3rd quarter. Arrow Financial Corp now owns 10,457 shares of the conglomerate’s stock worth $2,201,000 after purchasing an additional 51 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.5%

Shares of HON stock opened at $239.44 on Thursday. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $248.18. The company has a market cap of $152.21 billion, a price-to-earnings ratio of 29.97, a PEG ratio of 3.49 and a beta of 0.92. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The stock has a 50 day simple moving average of $228.24 and a 200-day simple moving average of $212.16.

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

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $1.19 per share. 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 is 59.57%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HON. Mizuho cut their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Robert W. Baird increased their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Sanford C. Bernstein set a $255.00 price objective on shares of Honeywell International in a report on Friday, January 16th. BNP Paribas Exane lifted their price objective on shares of Honeywell International from $195.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Finally, Royal Bank Of Canada raised their target price on Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.22.

Insider Activity

In related news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 18,190 shares of company stock valued at $4,244,287. Insiders own 0.20% of the company’s stock.

Honeywell International Company 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.