Honeywell International Inc. (NASDAQ:HON) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,076,300 shares of the conglomerate’s stock after selling 64,800 shares during the quarter. Swiss National Bank owned 0.31% of Honeywell International worth $435,421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Industrial Alliance Investment Management Inc. increased its stake in shares of Honeywell International by 1,205.8% in the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock worth $627,000 after acquiring an additional 3,135 shares during the period. Jag Capital Management LLC raised its stake in shares of Honeywell International by 40.8% during the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after buying an additional 469 shares during the last quarter. Shulman DeMeo Asset Management LLC lifted its holdings in shares of Honeywell International by 11.1% in the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after buying an additional 169 shares during the period. Boyd Watterson Asset Management LLC OH boosted its stake in shares of Honeywell International by 0.3% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock worth $5,624,000 after buying an additional 89 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in Honeywell International by 1.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock worth $103,999,000 after acquiring an additional 8,493 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

HON stock traded down $1.66 during mid-day trading on Thursday, reaching $193.64. The company’s stock had a trading volume of 1,266,274 shares, compared to its average volume of 3,018,355. 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 company’s 50 day moving average is $197.90 and its two-hundred day moving average is $196.53. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The stock has a market cap of $126.10 billion, a PE ratio of 22.63, a P/E/G ratio of 2.22 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.07 earnings per share. Equities research analysts expect that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s payout ratio is currently 50.06%.

Insiders Place Their Bets

In related news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Gregory P. Lewis sold 25,209 shares of the firm’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 in the company, valued at $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HON shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Berenberg Bank upgraded shares of 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 report on Wednesday, March 6th. Royal Bank of Canada dropped their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus target price of $215.71.

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.