Martingale Asset Management L P Has $7.46 Million Position in Honeywell International Inc. (NASDAQ:HON)

Martingale Asset Management L P trimmed its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,002 shares of the conglomerate's stock after selling 3,334 shares during the period. Martingale Asset Management L P's holdings in Honeywell International were worth $7,455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HON. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $25,000. Avalon Trust Co grew its position in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the period. Hoese & Co LLP acquired a new stake in Honeywell International during the fourth quarter worth $30,000. Financial Avengers Inc. raised its position in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 50 shares during the period. Finally, Curio Wealth LLC purchased a new position in shares of Honeywell International during the 4th quarter worth $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International 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 transaction, the vice president now directly owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.41% of the company's stock.

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Honeywell International Stock Performance

Honeywell International stock traded up $0.31 during mid-day trading on Tuesday, reaching $200.56. The company's stock had a trading volume of 914,390 shares, compared to its average volume of 3,619,349. The firm has a market cap of $130.35 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The business has a 50 day moving average price of $206.83 and a 200-day moving average price of $216.43. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) 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%. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.25%. Honeywell International's dividend payout ratio is currently 51.89%.

Analyst Ratings Changes

Several research analysts have recently commented on HON shares. Barclays lowered their price target on Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Wells Fargo & Company dropped their target price 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 raised shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the company from $236.00 to $260.00 in a report on Friday, February 7th. Jefferies Financial Group raised their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Finally, Citigroup reduced their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.