Honeywell International Inc. (NASDAQ:HON) Shares Sold by Bank of Montreal Can

Bank of Montreal Can reduced its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,492,569 shares of the conglomerate's stock after selling 140,143 shares during the quarter. Bank of Montreal Can owned about 0.23% of Honeywell International worth $337,156,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Baldwin Wealth Partners LLC MA boosted its stake in shares of Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock worth $15,203,000 after acquiring an additional 2,611 shares in the last quarter. World Investment Advisors boosted its position in Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after purchasing an additional 12,969 shares in the last quarter. Coordinated Financial Services Inc. acquired a new stake in Honeywell International in the fourth quarter valued at $361,000. Costello Asset Management INC purchased a new position in shares of Honeywell International in the fourth quarter valued at $3,092,000. Finally, Schroder Investment Management Group raised its stake in shares of Honeywell International by 12.7% during the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock worth $20,235,000 after buying an additional 10,092 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HON shares. StockNews.com downgraded shares of Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Citigroup dropped their price target on Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a research report on Monday, January 13th. Morgan Stanley boosted their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Honeywell International currently has a consensus rating of "Hold" and an average target price of $245.00.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value 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 represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by insiders.

Honeywell International Trading Up 2.7 %

Honeywell International stock traded up $5.16 during midday trading on Friday, reaching $198.55. The stock had a trading volume of 5,102,399 shares, compared to its average volume of 3,625,920. The stock has a market capitalization of $129.04 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. 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's 50-day simple moving average is $207.27 and its 200 day simple moving average is $216.42. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.

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

Honeywell International Announces Dividend

The business 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 annualized dividend and a yield of 2.28%. Honeywell International's dividend payout ratio is currently 51.89%.

Honeywell International 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.