Banco Bilbao Vizcaya Argentaria S.A. Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 34.4% during the fourth quarter, HoldingsChannel reports. The firm owned 16,759 shares of the conglomerate’s stock after selling 8,784 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Honeywell International were worth $3,789,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HON. Burling Wealth Partners LLC acquired a new stake in shares of Honeywell International during the fourth quarter valued at about $5,972,000. J. Stern & Co. LLP grew its stake in Honeywell International by 19.5% during the 4th quarter. J. Stern & Co. LLP now owns 239,274 shares of the conglomerate’s stock valued at $54,050,000 after purchasing an additional 39,032 shares in the last quarter. Syon Capital LLC raised its position in shares of Honeywell International by 9.0% in the 4th quarter. Syon Capital LLC now owns 7,338 shares of the conglomerate’s stock valued at $1,658,000 after purchasing an additional 603 shares in the last quarter. Coppell Advisory Solutions LLC boosted its stake in shares of Honeywell International by 3.8% during the 4th quarter. Coppell Advisory Solutions LLC now owns 13,148 shares of the conglomerate’s stock valued at $2,979,000 after buying an additional 486 shares during the last quarter. Finally, MGO One Seven LLC grew its position in shares of Honeywell International by 9.6% during the fourth quarter. MGO One Seven LLC now owns 8,753 shares of the conglomerate’s stock worth $1,977,000 after buying an additional 767 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HON has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Royal Bank of Canada lowered their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Citigroup reduced their price objective on Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $242.15.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $199.16 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm’s 50 day moving average is $205.24 and its two-hundred day moving average is $215.80. The firm has a market capitalization of $128.11 billion, a P/E ratio of 22.87, a PEG 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) last announced its 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%. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International 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 directly owns 41,580 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by insiders.

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.