Nikko Asset Management Americas Inc. Has $3.73 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Nikko Asset Management Americas Inc. trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,527 shares of the conglomerate's stock after selling 3,555 shares during the period. Nikko Asset Management Americas Inc.'s holdings in Honeywell International were worth $3,733,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Baldwin Wealth Partners LLC MA boosted its holdings in Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock worth $15,203,000 after purchasing an additional 2,611 shares during the last quarter. Coordinated Financial Services Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth about $361,000. Costello Asset Management INC bought a new position in shares of Honeywell International in the 4th quarter valued at about $3,092,000. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $435,786,000. Finally, Dynasty Wealth Management LLC raised its holdings in Honeywell International by 52.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock worth $2,559,000 after acquiring an additional 3,879 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on HON shares. Royal Bank of Canada lowered their price target on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Morgan Stanley boosted their target price 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. Wells Fargo & Company cut 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 note on Friday, February 7th. JPMorgan Chase & Co. decreased their price objective on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Finally, Barclays dropped their target price on shares of Honeywell International from $260.00 to $251.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. 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 MarketBeat.com, Honeywell International has an average rating of "Hold" and an average target price of $249.38.

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Honeywell International Stock Performance

Shares of HON stock traded down $0.77 on Friday, hitting $210.12. The company's stock had a trading volume of 6,544,911 shares, compared to its average volume of 3,223,806. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The stock's 50 day moving average is $214.19 and its 200-day moving average is $216.52. The company 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.

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 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%. Equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Friday, February 28th. Honeywell International's payout ratio is currently 51.89%.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm's 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.

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.