Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $31.23 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 138,262 shares of the conglomerate's stock after selling 3,495 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Honeywell International were worth $31,232,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. State Street Corp lifted its position in Honeywell International by 0.3% during the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate's stock worth $6,413,570,000 after acquiring an additional 92,112 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC boosted its stake in Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock valued at $2,959,535,000 after purchasing an additional 547,998 shares during the period. Bank of New York Mellon Corp grew its holdings in Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock valued at $1,527,867,000 after buying an additional 631,761 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Honeywell International by 7.2% in the 3rd quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate's stock worth $822,458,000 after buying an additional 265,789 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

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Honeywell International Price Performance

NASDAQ:HON traded up $1.73 on Monday, reaching $211.85. The stock had a trading volume of 4,245,862 shares, compared to its average volume of 3,233,378. The company has a market capitalization of $137.69 billion, a P/E ratio of 24.32, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The stock has a fifty day moving average price of $213.88 and a 200-day moving average price of $216.75. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 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%. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current 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 dividend yield of 2.13%. Honeywell International's dividend payout ratio is 51.89%.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HON. Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. The Goldman Sachs Group raised their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Royal Bank of Canada cut their price objective on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. HSBC raised Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $220.00 and set an "equal weight" 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $249.38.

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.