Honeywell International Inc. (NASDAQ:HON) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,405,981 shares of the conglomerate's stock after selling 972,952 shares during the quarter. Franklin Resources Inc. owned about 1.29% of Honeywell International worth $1,898,827,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rodgers Brothers Inc. grew its stake in shares of Honeywell International by 0.7% during the fourth quarter. Rodgers Brothers Inc. now owns 18,296 shares of the conglomerate's stock worth $4,133,000 after acquiring an additional 125 shares during the last quarter. Summit Financial LLC boosted its stake in Honeywell International by 15.8% in the 4th quarter. Summit Financial LLC now owns 34,347 shares of the conglomerate's stock worth $7,759,000 after purchasing an additional 4,679 shares in the last quarter. Meeder Asset Management Inc. grew its position in Honeywell International by 221.3% during the 4th quarter. Meeder Asset Management Inc. now owns 347 shares of the conglomerate's stock worth $78,000 after purchasing an additional 239 shares during the last quarter. St. James Investment Company LLC acquired a new position in Honeywell International during the 4th quarter valued at approximately $6,687,000. Finally, D L Carlson Investment Group Inc. raised its holdings in shares of Honeywell International by 5.8% in the fourth quarter. D L Carlson Investment Group Inc. now owns 18,042 shares of the conglomerate's stock worth $4,076,000 after buying an additional 991 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Remove Ads

Honeywell International Price Performance

Shares of Honeywell International stock traded down $8.53 on Friday, reaching $198.15. The company's stock had a trading volume of 3,363,353 shares, compared to its average volume of 3,511,494. The stock has a 50-day moving average price of $212.24 and a 200-day moving average price of $217.11. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a market capitalization of $128.78 billion, a P/E ratio of 22.73, a PEG ratio of 2.51 and a beta of 1.08. 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 (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) 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 company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.13 per share. 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 2.28%. Honeywell International's payout ratio is currently 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the firm'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 transaction, the vice president now directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research analyst reports. StockNews.com lowered shares of Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. JPMorgan Chase & Co. cut their price objective on Honeywell International from $233.00 to $231.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Jefferies Financial Group increased their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. Finally, Morgan Stanley lifted their price objective 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. 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.com, Honeywell International presently has a consensus rating of "Hold" and an average target price of $249.08.

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.