Itau Unibanco Holding S.A. Has $453,000 Stock Position in Honeywell International Inc. (NASDAQ:HON)

Itau Unibanco Holding S.A. lessened its position in Honeywell International Inc. (NASDAQ:HON) by 90.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,000 shares of the conglomerate’s stock after selling 20,000 shares during the period. Itau Unibanco Holding S.A.’s holdings in Honeywell International were worth $453,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital World Investors bought a new position in Honeywell International during the 4th quarter valued at $1,594,216,000. Raymond James Financial Inc. purchased a new stake in shares of Honeywell International in the fourth quarter valued at about $435,786,000. ING Groep NV lifted its position in shares of Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after purchasing an additional 1,574,376 shares in the last quarter. Cibc World Markets Corp boosted its holdings in Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after purchasing an additional 1,018,099 shares during the last quarter. Finally, Demars Financial Group LLC bought a new stake in Honeywell International in the 4th quarter worth about $155,407,000. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HON. Citigroup cut their target price 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. Morgan Stanley boosted their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Royal Bank of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Ten equities research 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $241.46.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

NASDAQ:HON opened at $210.74 on Friday. The business’s fifty day moving average is $205.02 and its 200 day moving average is $215.61. The firm has a market cap of $135.56 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. 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 quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.25 earnings per share. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.14%. Honeywell International’s payout ratio is currently 51.95%.

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.