Pinebridge Investments L.P. Sells 136,987 Shares of Honeywell International Inc. (NASDAQ:HON)

Pinebridge Investments L.P. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 32.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 287,320 shares of the conglomerate's stock after selling 136,987 shares during the period. Pinebridge Investments L.P.'s holdings in Honeywell International were worth $64,903,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Down 0.8 %

NASDAQ:HON traded down $1.58 during trading hours on Friday, reaching $199.16. The company had a trading volume of 3,638,739 shares, compared to its average volume of 3,661,122. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market cap of $128.11 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 2.51 and a beta of 1.01. The business's 50-day simple moving average is $205.24 and its two-hundred day simple moving average is $215.80.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date was Friday, February 28th. Honeywell International's dividend payout ratio is currently 51.89%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and upped their target price for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Royal Bank of Canada dropped 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 report on Friday, February 7th. Citigroup reduced their target price on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Barclays dropped their price target on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Ten investment 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 stock. According to MarketBeat.com, Honeywell International presently has an average rating of "Hold" and an average target price 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.