Primecap Management Co. CA Has $44.71 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Primecap Management Co. CA cut its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 10.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,930 shares of the conglomerate's stock after selling 23,070 shares during the period. Primecap Management Co. CA's holdings in Honeywell International were worth $44,710,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Valmark Advisers Inc. boosted its holdings in Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after purchasing an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. boosted its holdings in Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock worth $327,000 after purchasing an additional 47 shares in the last quarter. Saxony Capital Management LLC boosted its holdings in Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after purchasing an additional 47 shares in the last quarter. Magnus Financial Group LLC boosted its holdings in Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after acquiring an additional 48 shares during the period. Finally, Bill Few Associates Inc. lifted its stake in shares of Honeywell International by 0.3% in the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock valued at $3,524,000 after buying an additional 49 shares during the period. 75.91% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several equities research analysts recently weighed in on HON shares. HSBC upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Barclays reduced their target price on shares of Honeywell International from $260.00 to $251.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Royal Bank of Canada reduced their target price 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. Citigroup reduced their target price on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Finally, Jefferies Financial Group increased their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $249.38.

Insider Buying and Selling at Honeywell International

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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company's stock.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $0.77 during mid-day trading on Friday, hitting $210.12. 6,544,911 shares of the stock were exchanged, compared to its average volume of 3,224,633. The company has a market cap of $136.56 billion, a P/E ratio of 24.12, a PEG ratio of 2.51 and a beta of 1.08. The stock's fifty day simple moving average is $214.02 and its two-hundred day simple moving average is $216.53. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly 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 net margin of 14.82% and a return on equity of 35.78%. As a group, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

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.