Louisiana State Employees Retirement System Sells 3,800 Shares of Honeywell International Inc. (NASDAQ:HON)

Louisiana State Employees Retirement System decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 82,500 shares of the conglomerate's stock after selling 3,800 shares during the period. Louisiana State Employees Retirement System's holdings in Honeywell International were worth $18,636,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HON. Wellington Management Group LLP lifted its stake in shares of Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock valued at $3,684,957,000 after buying an additional 1,376,479 shares during the period. International Assets Investment Management LLC increased its position in Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate's stock worth $1,961,070,000 after purchasing an additional 944,876 shares during the last quarter. Cibc World Market Inc. increased its position in Honeywell International by 320.5% during the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate's stock worth $193,890,000 after purchasing an additional 654,207 shares during the last quarter. Mizuho Securities USA LLC increased its position in Honeywell International by 1,147.0% during the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate's stock worth $129,415,000 after purchasing an additional 575,865 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Honeywell International by 4.0% during the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock worth $2,959,535,000 after purchasing an additional 547,998 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company dropped their price target on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Bank of America increased their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Finally, UBS Group reissued a "buy" rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $248.71.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $2.52 during trading hours on Friday, reaching $202.75. The company's stock had a trading volume of 5,348,878 shares, compared to its average volume of 3,948,731. The company's 50 day simple moving average is $222.30 and its 200 day simple moving average is $215.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The stock has a market cap of $131.84 billion, a P/E ratio of 23.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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, analysts expect that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

Insider Buying and Selling

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

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.