Prudential Financial Inc. Lowers Holdings in Honeywell International Inc. (NASDAQ:HON)

Prudential Financial Inc. reduced its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 17.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 348,729 shares of the conglomerate's stock after selling 72,945 shares during the period. Prudential Financial Inc. owned 0.05% of Honeywell International worth $78,774,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Howard Capital Management Group LLC lifted its stake in Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock worth $571,000 after acquiring an additional 174 shares during the period. United Bank boosted its stake in shares of Honeywell International by 2.8% during the 3rd quarter. United Bank now owns 8,183 shares of the conglomerate's stock valued at $1,692,000 after purchasing an additional 220 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Honeywell International during the third quarter valued at about $412,000. Sompo Asset Management Co. Ltd. lifted its holdings in Honeywell International by 8.8% in the third quarter. Sompo Asset Management Co. Ltd. now owns 2,830 shares of the conglomerate's stock worth $585,000 after buying an additional 230 shares during the period. Finally, Larson Financial Group LLC lifted its holdings in Honeywell International by 29.4% in the third quarter. Larson Financial Group LLC now owns 4,206 shares of the conglomerate's stock worth $869,000 after buying an additional 955 shares during the period. 75.91% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several brokerages have recently issued reports on HON. Royal Bank of Canada decreased their target price on 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. Barclays dropped their price objective on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research note on Wednesday. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Finally, HSBC upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $249.08.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred 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 owns 41,580 shares of the company's stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Stock Performance

HON traded down $3.83 during mid-day trading on Friday, reaching $210.34. 3,253,329 shares of the company traded hands, compared to its average volume of 3,488,591. The stock has a market capitalization of $136.70 billion, a P/E ratio of 24.15, a P/E/G 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 quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company's fifty day moving average price is $213.21 and its 200-day moving average price is $216.98.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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%. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given 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 2.15%. Honeywell International's dividend payout ratio (DPR) 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.