Qtron Investments LLC Sells 1,811 Shares of Honeywell International Inc. (NASDAQ:HON)

Qtron Investments LLC lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 31.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,968 shares of the conglomerate's stock after selling 1,811 shares during the quarter. Qtron Investments LLC's holdings in Honeywell International were worth $896,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at about $25,000. Avalon Trust Co grew its position in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Honeywell International in the 4th quarter valued at approximately $30,000. Curio Wealth LLC acquired a new stake in shares of Honeywell International during the 4th quarter valued at approximately $35,000. Finally, Hopwood Financial Services Inc. bought a new position in Honeywell International during the fourth quarter worth $44,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of HON traded up $3.32 during trading hours on Friday, hitting $196.60. 3,215,553 shares of the company were exchanged, compared to its average volume of 3,637,677. The firm has a fifty day simple moving average of $206.12 and a 200-day simple moving average of $216.08. The company has a market capitalization of $126.46 billion, a PE ratio of 22.57, a PEG ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

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%. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared 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. This represents a $4.52 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's payout ratio is 51.89%.

Insiders Place Their Bets

In other Honeywell International 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 completion of the sale, the vice president now 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research reports. StockNews.com cut shares of Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. Royal Bank of Canada lowered their target price on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Barclays reduced their price objective on Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Citigroup dropped their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Wells Fargo & Company dropped their price objective on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Ten equities research 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 company. According to MarketBeat.com, Honeywell International has an average rating of "Hold" and an average target price of $242.15.

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.