West Family Investments Inc. Decreases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

West Family Investments Inc. decreased its position in Honeywell International Inc. (NASDAQ:HON) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,784 shares of the conglomerate’s stock after selling 285 shares during the quarter. West Family Investments Inc.’s holdings in Honeywell International were worth $374,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HON. Ameriprise Financial Inc. raised its holdings in shares of Honeywell International by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after purchasing an additional 347,808 shares during the last quarter. Northern Trust Corp raised its position in shares of Honeywell International by 4.3% during the 3rd quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock valued at $1,188,533,000 after purchasing an additional 263,640 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Honeywell International by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate’s stock valued at $656,812,000 after purchasing an additional 34,135 shares during the period. Barclays PLC grew its stake in Honeywell International by 57.3% during the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after acquiring an additional 1,162,518 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in Honeywell International by 51.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock valued at $346,365,000 after acquiring an additional 636,104 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 1.1 %

Shares of HON traded down $2.21 during trading on Thursday, reaching $193.09. The company’s stock had a trading volume of 1,142,345 shares, compared to its average volume of 3,016,185. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The company has a market cap of $125.74 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.22 and a beta of 1.02. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a fifty day moving average of $197.90 and a two-hundred day moving average of $196.53.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the business posted $2.07 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts predict that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, May 16th. Honeywell International’s dividend payout ratio is 50.06%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HON shares. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada dropped their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company 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, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $215.71.

Insiders Place Their Bets

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

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.