Honeywell International Inc. (NASDAQ:HON) Shares Sold by NFJ Investment Group LLC

NFJ Investment Group LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,396 shares of the conglomerate’s stock after selling 11,334 shares during the quarter. Honeywell International makes up about 1.4% of NFJ Investment Group LLC’s portfolio, making the stock its 11th biggest holding. NFJ Investment Group LLC’s holdings in Honeywell International were worth $44,590,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HON. Vanguard Group Inc. raised its holdings in Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock valued at $13,951,353,000 after buying an additional 380,299 shares during the period. Geode Capital Management LLC increased 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 valued at $3,379,568,000 after acquiring an additional 627,422 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after acquiring an additional 631,761 shares during the period. Invesco Ltd. lifted its holdings in shares of Honeywell International by 5.2% in the 4th quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate’s stock worth $1,193,923,000 after acquiring an additional 263,188 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Honeywell International by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,901,124 shares of the conglomerate’s stock worth $881,225,000 after purchasing an additional 116,925 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HON. JPMorgan Chase & Co. cut their target price on Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Wells Fargo & Company dropped their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Barclays reduced their price target on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada dropped their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company 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 given a strong buy rating to the stock. According to MarketBeat.com, Honeywell International presently has an average rating of “Hold” and a consensus price target of $242.15.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $198.81 on Wednesday. The firm has a market capitalization of $127.89 billion, a P/E ratio of 22.83, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm’s 50 day moving average is $206.61 and its two-hundred day moving average is $216.31.

Honeywell International (NASDAQ:HON) last announced 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%. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s payout ratio is currently 51.89%.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was 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. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.41% of the company’s stock.

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.