KCM Investment Advisors LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,467 shares of the conglomerate's stock after selling 1,471 shares during the period. KCM Investment Advisors LLC's holdings in Honeywell International were worth $3,494,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Honeywell International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock valued at $13,951,353,000 after purchasing an additional 380,299 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after buying an additional 627,422 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Honeywell International by 10.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after acquiring an additional 631,761 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Honeywell International by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,901,124 shares of the conglomerate's stock worth $881,225,000 after acquiring an additional 116,925 shares during the last quarter. Finally, Boston Partners boosted its stake in Honeywell International by 29.2% in the fourth quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock valued at $675,986,000 after acquiring an additional 677,213 shares during the period. Institutional investors own 75.91% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research report on Tuesday, December 17th. StockNews.com cut Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, December 23rd. Morgan Stanley upped their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Royal Bank of Canada reduced their target price on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. Finally, Barclays dropped their price target 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. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $245.00.
Check Out Our Latest Stock Analysis on Honeywell International
Honeywell International Stock Up 1.2 %
NASDAQ:HON traded up $2.39 during mid-day trading on Friday, reaching $195.78. The stock had a trading volume of 1,194,822 shares, compared to its average volume of 3,608,458. The stock has a market cap of $127.24 billion, a P/E ratio of 22.42, a PEG ratio of 2.51 and a beta of 1.01. The business's 50 day moving average is $207.77 and its 200 day moving average is $216.48. 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 fifty-two week low of $179.36 and a fifty-two week high of $242.77.
Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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%. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.
Honeywell International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's payout ratio is 51.89%.
Insiders Place Their Bets
In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company's stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.41% of the company's stock.
Honeywell International Profile
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Free Report)
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.
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