Honeywell International Inc. (NASDAQ:HON) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 270,969 shares of the conglomerate's stock after selling 10,054 shares during the quarter. Teacher Retirement System of Texas' holdings in Honeywell International were worth $61,209,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC boosted its holdings in shares of Honeywell International by 6.7% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock worth $571,000 after purchasing an additional 174 shares during the last quarter. United Bank boosted its stake in Honeywell International by 2.8% during the third quarter. United Bank now owns 8,183 shares of the conglomerate's stock worth $1,692,000 after buying an additional 220 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Honeywell International in the 3rd quarter valued at $414,000. BIP Wealth LLC acquired a new stake in shares of Honeywell International in the 3rd quarter worth $235,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Honeywell International during the 3rd quarter worth $412,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.8 %

Shares of HON traded up $1.73 during midday trading on Monday, hitting $211.85. The company had a trading volume of 4,245,862 shares, compared to its average volume of 3,233,378. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The firm has a market capitalization of $137.69 billion, a P/E ratio of 24.32, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company's 50-day simple moving average is $214.02 and its 200-day simple moving average is $216.69.

Remove Ads

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly 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 expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is 51.89%.

Insider Transactions at Honeywell International

In related 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 sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on HON. 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 report on Wednesday, December 11th. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and increased their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Citigroup reduced their target price on Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $249.38.

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.