Honeywell International Inc. (NASDAQ:HON) Position Trimmed by MML Investors Services LLC

MML Investors Services LLC decreased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 130,981 shares of the conglomerate's stock after selling 1,491 shares during the quarter. MML Investors Services LLC's holdings in Honeywell International were worth $29,587,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International during the fourth quarter worth approximately $25,000. Avalon Trust Co lifted its position in shares of Honeywell International by 166.7% in 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 acquired a new stake in shares of Honeywell International during the 4th quarter worth about $30,000. Curio Wealth LLC bought a new stake in Honeywell International in the 4th quarter valued at about $35,000. Finally, Alexis Investment Partners LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at approximately $37,000. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 1.7 %

Honeywell International stock traded up $3.43 during midday trading on Thursday, reaching $200.74. 3,238,686 shares of the stock traded hands, compared to its average volume of 3,662,142. The company has a 50-day simple moving average of $205.45 and a two-hundred day simple moving average of $215.88. The firm has a market cap of $129.13 billion, a PE ratio of 23.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. 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 Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

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, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Insider Activity at Honeywell International

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

Analysts Set New Price Targets

Several brokerages recently issued reports on HON. Wells Fargo & Company cut 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 note on Friday, February 7th. Royal Bank of Canada cut 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. JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley upped their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Finally, Citigroup decreased their target price on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday, April 14th. Ten equities research 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. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $242.15.

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.