Dimensional Fund Advisors LP Has $694.84 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Dimensional Fund Advisors LP cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,075,901 shares of the conglomerate's stock after selling 33,366 shares during the period. Dimensional Fund Advisors LP owned about 0.47% of Honeywell International worth $694,837,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Howard Capital Management Group LLC raised its position in shares of Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock worth $571,000 after acquiring an additional 174 shares in the last quarter. M&T Bank Corp lifted its position in shares of Honeywell International by 1.1% during the third quarter. M&T Bank Corp now owns 298,210 shares of the conglomerate's stock valued at $61,643,000 after buying an additional 3,143 shares during the last quarter. Westside Investment Management Inc. raised its stake in shares of Honeywell International by 15.4% during the 3rd quarter. Westside Investment Management Inc. now owns 375 shares of the conglomerate's stock worth $78,000 after acquiring an additional 50 shares in the last quarter. Tudor Financial Inc. acquired a new stake in Honeywell International in the third quarter valued at approximately $425,000. Finally, Anchor Investment Management LLC increased its position in shares of Honeywell International by 46.4% during the third quarter. Anchor Investment Management LLC now owns 962 shares of the conglomerate's stock worth $199,000 after purchasing an additional 305 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on HON. Wells Fargo & Company dropped 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. Royal Bank of Canada dropped their target price on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Citigroup decreased their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday, April 14th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of "Hold" and a consensus target price of $242.15.

Honeywell International Price Performance

Shares of HON traded up $3.17 during midday trading on Thursday, reaching $200.48. The stock had a trading volume of 1,378,670 shares, compared to its average volume of 4,508,417. The firm's 50 day moving average price is $205.45 and its 200-day moving average price is $215.88. The company has a market capitalization of $128.96 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data 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%. On average, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share 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 dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.25%. Honeywell International's dividend payout ratio is 51.89%.

Insiders Place Their Bets

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