Intech Investment Management LLC Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Intech Investment Management LLC cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 57.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,401 shares of the conglomerate's stock after selling 21,769 shares during the period. Intech Investment Management LLC's holdings in Honeywell International were worth $3,705,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of HON. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International during the third quarter worth about $25,000. Mainstream Capital Management LLC purchased a new stake in Honeywell International in the 4th quarter worth approximately $25,000. Avalon Trust Co grew its stake in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares during the period. Hoese & Co LLP purchased a new position in shares of Honeywell International during the 4th quarter valued at approximately $30,000. Finally, Financial Avengers Inc. boosted its holdings in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 0.8 %

NASDAQ HON traded up $1.73 on Monday, reaching $211.85. 4,245,862 shares of the company were exchanged, compared to its average volume of 3,233,369. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The stock 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 business's fifty day moving average price is $214.02 and its 200 day moving average price is $216.69. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

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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 (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%. Analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, February 28th. Honeywell International's dividend payout ratio is presently 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 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 owns 41,580 shares of the company's stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HON shares. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a research note on Wednesday, December 11th. JPMorgan Chase & Co. dropped 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 target price 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. Morgan Stanley increased their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group boosted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Ten research 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $249.38.

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.