Honeywell International Inc. (NASDAQ:HON) Stake Reduced by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 154,216 shares of the conglomerate’s stock after selling 7,409 shares during the period. Cullen Frost Bankers Inc.’s holdings in Honeywell International were worth $32,341,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Cordant Inc. acquired a new position in shares of Honeywell International in the fourth quarter worth about $31,000. Rakuten Securities Inc. purchased a new position in shares of Honeywell International during the fourth quarter valued at $31,000. Financial Connections Group Inc. acquired a new position in Honeywell International during the fourth quarter valued at $37,000. TFO Wealth Partners LLC increased its holdings in shares of Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 114 shares during the period. Finally, Raleigh Capital Management Inc. lifted its position in shares of Honeywell International by 42.0% in the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 76 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of HON traded up $1.85 during mid-day trading on Tuesday, reaching $196.85. The company had a trading volume of 1,951,773 shares, compared to its average volume of 3,013,874. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The company’s 50-day moving average is $197.55 and its 200-day moving average is $196.94. The company has a market capitalization of $128.19 billion, a P/E ratio of 22.81, a P/E/G ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.07 EPS. On average, equities analysts anticipate 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. Shareholders of record on Friday, May 17th will be given a $1.08 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.19%. Honeywell International’s payout ratio is 50.06%.

Analysts Set New Price Targets

HON has been the topic of a number of recent research reports. Berenberg Bank upgraded 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada decreased their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $215.71.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on 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 approximately $10,709,231.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other 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 value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

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.