AIA Group Ltd Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

AIA Group Ltd lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 34.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,759 shares of the conglomerate's stock after selling 1,957 shares during the period. AIA Group Ltd's holdings in Honeywell International were worth $849,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA raised its stake in Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock valued at $15,203,000 after buying an additional 2,611 shares during the last quarter. Coordinated Financial Services Inc. purchased a new position in shares of Honeywell International in the 4th quarter worth about $361,000. Costello Asset Management INC bought a new position in Honeywell International in the 4th quarter worth about $3,092,000. Raymond James Financial Inc. purchased a new stake in Honeywell International during the 4th quarter valued at about $435,786,000. Finally, Dynasty Wealth Management LLC increased its stake in Honeywell International by 52.1% during the 4th quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock valued at $2,559,000 after purchasing an additional 3,879 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

NASDAQ:HON traded down $15.69 during trading hours on Friday, hitting $190.99. 8,445,242 shares of the stock traded hands, compared to its average volume of 3,536,397. The company has a market cap of $124.13 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The stock has a 50 day moving average price of $211.63 and a 200 day moving average price of $217.10. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

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Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.37%. Honeywell International's dividend payout ratio is presently 51.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com cut Honeywell International from a "buy" rating to a "hold" rating in a research report on Monday, December 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and increased their price objective for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Wells Fargo & Company cut their target price on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Morgan Stanley increased their price target on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a report on Tuesday, February 11th. Finally, Royal Bank of Canada cut their price objective on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $249.08.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares of the company's stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.