Honeywell International Inc. (NASDAQ:HON) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 34.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,611,071 shares of the conglomerate's stock after selling 836,592 shares during the period. Alliancebernstein L.P. owned about 0.25% of Honeywell International worth $363,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International during the 4th quarter worth approximately $25,000. Avalon Trust Co boosted its position in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Honeywell International during the 4th quarter worth $30,000. Financial Avengers Inc. boosted its position in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after buying an additional 50 shares in the last quarter. Finally, Curio Wealth LLC acquired a new stake in Honeywell International in the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Down 7.6 %

Honeywell International stock traded down $15.69 during midday trading on Friday, reaching $190.99. The stock had a trading volume of 8,445,242 shares, compared to its average volume of 3,536,397. The stock's 50-day simple moving average is $211.63 and its 200 day simple moving average is $217.10. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The stock has a market capitalization of $124.13 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

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

Honeywell International Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HON. HSBC upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target on the stock in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Morgan Stanley upped their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $249.08.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction on 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 directly owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

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.