Maryland State Retirement & Pension System Reduces Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Maryland State Retirement & Pension System trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,122 shares of the conglomerate's stock after selling 2,462 shares during the quarter. Maryland State Retirement & Pension System's holdings in Honeywell International were worth $7,934,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HON. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International during the 3rd quarter valued at about $25,000. Mainstream Capital Management LLC purchased a new stake in shares of Honeywell International during the fourth quarter valued at $25,000. Avalon Trust Co boosted its position in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after buying an additional 75 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Honeywell International during the fourth quarter valued at $30,000. Finally, Financial Avengers Inc. boosted its position in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after buying an additional 50 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.41% of the company's stock.

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Honeywell International Stock Down 0.4 %

Shares of NASDAQ:HON traded down $0.77 on Friday, reaching $210.12. The company had a trading volume of 6,544,911 shares, compared to its average volume of 3,229,305. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The firm's 50 day simple moving average is $214.02 and its 200-day simple moving average is $216.61. The firm has a market capitalization of $136.56 billion, a PE ratio of 24.12, a PEG ratio of 2.51 and a beta of 1.08. 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 announced its quarterly earnings results 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%. As a group, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company 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. This represents a $4.52 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, February 28th. Honeywell International's dividend payout ratio is currently 51.89%.

Analysts Set New Price Targets

Several equities research analysts recently commented on HON shares. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and increased their price objective for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Morgan Stanley lifted 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 note on Tuesday, February 11th. 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 note on Friday, February 7th. Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $249.38.

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.