OVERSEA CHINESE BANKING Corp Ltd Trims Stake in Honeywell International Inc. (NASDAQ:HON)

OVERSEA CHINESE BANKING Corp Ltd lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 50.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,154 shares of the conglomerate’s stock after selling 1,154 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Honeywell International were worth $242,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Rakuten Securities Inc. bought a new stake in Honeywell International during the fourth quarter worth about $31,000. Cordant Inc. purchased a new stake in Honeywell International in the fourth quarter worth approximately $31,000. Financial Connections Group Inc. bought a new position in Honeywell International during the fourth quarter valued at approximately $37,000. TFO Wealth Partners LLC raised its stake in shares of Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after acquiring an additional 114 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Honeywell International in the 4th quarter valued at $48,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada lowered their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Barclays boosted their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average price target of $219.67.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.41% of the stock is currently owned by insiders.

Honeywell International Trading Up 0.7 %

HON opened at $195.58 on Tuesday. The stock has a market cap of $127.36 billion, a PE ratio of 23.09, a PEG ratio of 2.23 and a beta of 1.02. The business has a 50 day moving average of $198.31 and a 200-day moving average of $196.18. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the prior year, the firm earned $2.52 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio is currently 51.00%.

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.