California State Teachers Retirement System Trims Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

California State Teachers Retirement System lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,054,227 shares of the conglomerate’s stock after selling 31,433 shares during the quarter. California State Teachers Retirement System owned about 0.16% of Honeywell International worth $238,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its holdings in shares of Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after buying an additional 174 shares during the period. Westside Investment Management Inc. lifted its holdings in shares of Honeywell International by 15.4% in the 3rd quarter. Westside Investment Management Inc. now owns 375 shares of the conglomerate’s stock valued at $78,000 after buying an additional 50 shares during the period. Tudor Financial Inc. acquired a new position in shares of Honeywell International in the 3rd quarter valued at about $425,000. Anchor Investment Management LLC lifted its holdings in shares of Honeywell International by 46.4% in the 3rd quarter. Anchor Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $199,000 after buying an additional 305 shares during the period. Finally, Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Honeywell International by 1.9% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 19,689 shares of the conglomerate’s stock valued at $4,070,000 after buying an additional 376 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

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 completion of the transaction, 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 SEC, which is available through this link. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

HON has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective 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. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Citigroup cut their price target on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Morgan Stanley lifted their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Finally, Royal Bank of Canada cut their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Ten equities 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $242.15.

Honeywell International Price Performance

HON stock opened at $199.16 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The business has a 50 day simple moving average of $205.24 and a 200-day simple moving average of $215.83. The firm has a market capitalization of $128.11 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

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.