Chesapeake Capital Corp IL Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Chesapeake Capital Corp IL lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 56.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,987 shares of the conglomerate's stock after selling 2,544 shares during the period. Chesapeake Capital Corp IL's holdings in Honeywell International were worth $449,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Valmark Advisers Inc. raised its position in shares of Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after purchasing an additional 45 shares during the period. ZWJ Investment Counsel Inc. increased its stake in Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after purchasing an additional 47 shares in the last quarter. Saxony Capital Management LLC raised its holdings in Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after buying an additional 47 shares during the last quarter. Magnus Financial Group LLC lifted its stake in shares of Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after buying an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. increased its position in shares of Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock worth $3,524,000 after acquiring an additional 49 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

HON has been the topic of several recent research reports. Morgan Stanley raised their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. dropped their target price on Honeywell International from $233.00 to $231.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. StockNews.com downgraded Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Royal Bank of Canada dropped their price objective on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Finally, Citigroup reduced their target price on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Honeywell International currently has an average rating of "Hold" and a consensus target price of $249.38.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction dated 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 sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.41% of the company's stock.

Honeywell International Stock Performance

NASDAQ:HON traded down $0.77 during trading hours on Friday, reaching $210.12. The stock had a trading volume of 6,544,911 shares, compared to its average volume of 3,229,305. The stock has a market cap of $136.56 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The stock has a 50 day simple moving average of $214.02 and a 200 day simple moving average of $216.61. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm 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 was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. Honeywell International's payout ratio is 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.