Synovus Financial Corp Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Synovus Financial Corp lessened its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,122 shares of the conglomerate's stock after selling 3,200 shares during the period. Synovus Financial Corp's holdings in Honeywell International were worth $19,907,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Investment Advisors Inc. boosted its holdings in Honeywell International by 1.5% in the 4th quarter. Summit Investment Advisors Inc. now owns 40,862 shares of the conglomerate's stock valued at $9,230,000 after purchasing an additional 617 shares in the last quarter. Granite Investment Partners LLC raised its position in Honeywell International by 2.3% in the fourth quarter. Granite Investment Partners LLC now owns 4,851 shares of the conglomerate's stock valued at $1,096,000 after purchasing an additional 110 shares during the period. Advisors Capital Management LLC increased its stake in Honeywell International by 2.7% during the 4th quarter. Advisors Capital Management LLC now owns 292,891 shares of the conglomerate's stock worth $66,161,000 after buying an additional 7,800 shares during the period. Seeds Investor LLC bought a new position in Honeywell International during the 4th quarter valued at $205,000. Finally, Sagespring Wealth Partners LLC acquired a new position in Honeywell International in the fourth quarter worth $4,550,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 owns 41,580 shares of the company's stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.41% of the company's stock.

Honeywell International Stock Up 1.7 %

NASDAQ:HON traded up $3.32 during mid-day trading on Friday, hitting $196.60. 3,215,553 shares of the company's stock were exchanged, compared to its average volume of 3,637,677. The company has a market cap of $126.46 billion, a PE ratio of 22.57, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The business has a fifty day moving average price of $206.12 and a 200 day moving average price of $216.08.

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 return on equity of 35.78% and a net margin of 14.82%. Equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.30%. Honeywell International's payout ratio is currently 51.89%.

Analyst Ratings Changes

Several brokerages have commented on HON. Wells Fargo & Company dropped their price target on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Barclays lowered their target price on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Royal Bank of Canada reduced their target price on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Finally, Citigroup lowered their price target on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Honeywell International has a consensus rating of "Hold" and an average price target of $242.15.

About Honeywell International

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.