DDD Partners LLC Decreases Position in Honeywell International Inc. (NASDAQ:HON)

DDD Partners LLC trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,466 shares of the conglomerate's stock after selling 2,651 shares during the quarter. Honeywell International accounts for approximately 2.7% of DDD Partners LLC's investment portfolio, making the stock its 14th biggest holding. DDD Partners LLC's holdings in Honeywell International were worth $22,017,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Honeywell International by 0.3% in the third quarter. State Street Corp now owns 31,026,897 shares of the conglomerate's stock valued at $6,413,570,000 after purchasing an additional 92,112 shares during the last quarter. Wellington Management Group LLP boosted its stake 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 acquiring an additional 1,376,479 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock worth $2,959,535,000 after acquiring an additional 547,998 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Honeywell International by 7.2% during the 3rd quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate's stock worth $822,458,000 after acquiring an additional 265,789 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Honeywell International by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,784,199 shares of the conglomerate's stock worth $782,232,000 after acquiring an additional 42,287 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

HON stock traded up $0.54 during mid-day trading on Thursday, reaching $211.35. The company's stock had a trading volume of 3,635,312 shares, compared to its average volume of 4,115,585. The stock has a market cap of $137.36 billion, a PE ratio of 24.27, a P/E/G ratio of 2.47 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The company's 50 day moving average is $221.07 and its two-hundred day moving average is $215.19.

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

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.14%. Honeywell International's dividend payout ratio (DPR) is 51.89%.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent analyst reports. Citigroup lowered their target price on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Robert W. Baird lowered shares of Honeywell International from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Wells Fargo & Company lowered their target price on shares of 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. Baird R W lowered shares of Honeywell International from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. Finally, StockNews.com downgraded shares of Honeywell International from a "buy" rating to a "hold" rating in a research report on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $248.71.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on 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 sale, the vice president now 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 this hyperlink. Corporate insiders own 0.41% of the company's stock.

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.