Honeywell International Inc. (NASDAQ:HON) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in Honeywell International Inc. (NASDAQ:HON) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 370,744 shares of the conglomerate’s stock after selling 8,592 shares during the period. Retirement Systems of Alabama owned approximately 0.06% of Honeywell International worth $77,749,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HON. Cordant Inc. bought a new position in shares of Honeywell International during the 4th quarter worth about $31,000. Rakuten Securities Inc. acquired a new stake in Honeywell International in the fourth quarter valued at $31,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International in the fourth quarter valued at about $37,000. TFO Wealth Partners LLC raised its position in shares of Honeywell International by 105.6% in the third 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. increased its position in Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after acquiring an additional 76 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HON shares. Royal Bank of Canada cut 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. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Barclays upped their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Honeywell International has an average rating of “Hold” and an average target price of $219.67.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $0.43 during mid-day trading on Friday, reaching $193.45. 3,041,537 shares of the company traded hands, compared to its average volume of 2,666,853. The firm has a market cap of $125.97 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week 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 0.93. The stock has a fifty day simple moving average of $198.18 and a 200-day simple moving average of $196.34.

Honeywell International (NASDAQ:HON) last posted 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 net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same period last year, the business posted $2.07 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is presently 50.06%.

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.