Natixis Advisors LLC Sells 156,306 Shares of Honeywell International Inc. (NASDAQ:HON)

Natixis Advisors LLC decreased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 24.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 471,771 shares of the conglomerate's stock after selling 156,306 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of Honeywell International worth $106,568,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of HON. State Street Corp lifted its position in Honeywell International by 0.3% during the 3rd quarter. State Street Corp now owns 31,026,897 shares of the conglomerate's stock valued at $6,413,570,000 after acquiring an additional 92,112 shares during the period. Wellington Management Group LLP lifted its holdings 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 purchasing an additional 1,376,479 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Honeywell International by 4.0% in the 3rd 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 in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after purchasing an additional 631,761 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Honeywell International by 7.2% in the 3rd quarter. Janus Henderson Group PLC now owns 3,978,872 shares of the conglomerate's stock worth $822,458,000 after buying an additional 265,789 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

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Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction dated 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 transaction, the vice president now owns 41,580 shares of the company's stock, valued at $8,644,066.20. This 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 hyperlink. Corporate insiders own 0.41% of the company's stock.

Honeywell International Stock Performance

HON stock traded down $1.09 during midday trading on Wednesday, reaching $208.65. 6,407,538 shares of the company's stock traded hands, compared to its average volume of 3,213,227. The stock's 50-day moving average is $214.60 and its 200 day moving average is $216.61. The stock has a market cap of $135.61 billion, a P/E ratio of 23.96, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. 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 earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping 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 anticipate that Honeywell International Inc. will post 10.34 EPS for the current 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 given a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. Honeywell International's payout ratio is currently 51.89%.

Analysts Set New Price Targets

Several research firms have commented on HON. Citigroup dropped their target price on Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Barclays dropped their price target on shares of Honeywell International from $260.00 to $251.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada reduced 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 note on Friday, February 7th. The Goldman Sachs Group upped their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $249.38.

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.