Renaissance Group LLC Sells 3,996 Shares of Honeywell International Inc. (NASDAQ:HON)

Renaissance Group LLC cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 150,473 shares of the conglomerate's stock after selling 3,996 shares during the quarter. Renaissance Group LLC's holdings in Honeywell International were worth $34,011,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC bought a new position in shares of Honeywell International in the fourth quarter worth about $25,000. Avalon Trust Co increased its position in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the period. Hoese & Co LLP acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $30,000. Financial Avengers Inc. boosted its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International during the fourth quarter worth $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HON has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their price target on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. StockNews.com downgraded Honeywell International from a "buy" rating to a "hold" rating in a report on Monday, December 23rd. JPMorgan Chase & Co. cut their price target on Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lifted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Finally, Barclays cut their target price 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, March 26th. Ten research 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, Honeywell International presently has an average rating of "Hold" and a consensus target price of $245.00.

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Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business's 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 owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is owned by insiders.

Honeywell International Stock Performance

HON traded up $5.16 during midday trading on Friday, hitting $198.55. 5,102,399 shares of the company traded hands, compared to its average volume of 3,626,426. The company's 50-day moving average is $207.27 and its 200 day moving average is $216.49. 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 capitalization of $129.04 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week 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 earnings per share 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, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm 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. This represents a $4.52 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Friday, February 28th. Honeywell International's dividend payout ratio is currently 51.89%.

Honeywell International 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.