Principal Financial Group Inc. Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Principal Financial Group Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 795,619 shares of the conglomerate's stock after selling 1,807 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of Honeywell International worth $179,722,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HON. Howard Capital Management Group LLC grew its stake in shares of Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock valued at $571,000 after buying an additional 174 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Honeywell International by 9.2% during the third quarter. V Square Quantitative Management LLC now owns 1,054 shares of the conglomerate's stock valued at $218,000 after buying an additional 89 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Honeywell International by 7.5% during the third quarter. Resonant Capital Advisors LLC now owns 1,354 shares of the conglomerate's stock valued at $280,000 after buying an additional 95 shares during the last quarter. OLD National Bancorp IN grew its stake in shares of Honeywell International by 1.1% during the third quarter. OLD National Bancorp IN now owns 23,949 shares of the conglomerate's stock valued at $4,950,000 after buying an additional 250 shares during the last quarter. Finally, Vest Financial LLC grew its stake in shares of Honeywell International by 151.2% in the third quarter. Vest Financial LLC now owns 5,624 shares of the conglomerate's stock worth $1,163,000 after purchasing an additional 3,385 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the business's 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 transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent analyst reports. Morgan Stanley raised their target price on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Bank of America raised their target price on Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Barclays cut their target price on Honeywell International from $260.00 to $251.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and raised their target price for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.71.

Honeywell International Stock Up 0.3 %

Shares of HON stock traded up $0.59 during trading hours on Friday, hitting $211.94. 6,221,796 shares of the company's stock traded hands, compared to its average volume of 4,177,537. The stock's fifty day simple moving average is $220.43 and its two-hundred day simple moving average is $215.25. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The stock has a market cap of $137.74 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.50 and a beta of 1.05. 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 released its earnings results 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%. On average, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.13%. Honeywell International's payout ratio is 51.89%.

Honeywell International Company 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.