State of Tennessee Department of Treasury Has $59.66 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

State of Tennessee Department of Treasury lifted its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 264,087 shares of the conglomerate's stock after purchasing an additional 22,331 shares during the quarter. State of Tennessee Department of Treasury's holdings in Honeywell International were worth $59,655,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Honeywell International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after buying an additional 380,299 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares in the last quarter. Capital World Investors acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $1,594,216,000. Bank of New York Mellon Corp lifted its holdings in Honeywell International by 10.3% during the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock worth $1,527,867,000 after buying an additional 631,761 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Honeywell International by 5.5% in the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after buying an additional 346,190 shares during the period. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Down 0.8 %

Shares of HON traded down $1.58 during mid-day trading on Friday, hitting $199.16. 3,638,738 shares of the company's stock were exchanged, compared to its average volume of 3,662,048. 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 52 week low of $179.36 and a 52 week high of $242.77. The company has a market cap of $128.11 billion, a PE ratio of 22.87, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a 50-day simple moving average of $205.41 and a 200 day simple moving average of $215.86.

Honeywell International (NASDAQ:HON - Get Free Report) last released 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 net margin of 14.82% and a return on equity of 35.78%. On average, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business 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. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.27%. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value 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 approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citigroup lowered their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Morgan Stanley raised 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. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Barclays decreased their price objective on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Honeywell International has an average rating of "Hold" and a consensus 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.