Ensign Peak Advisors Inc Reduces Stock Position in Honeywell International Inc. (NASDAQ:HON)

Ensign Peak Advisors Inc cut its stake in Honeywell International Inc. (NASDAQ:HON) by 32.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 960,273 shares of the conglomerate’s stock after selling 468,669 shares during the quarter. Ensign Peak Advisors Inc owned 0.15% of Honeywell International worth $216,916,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several research firms recently issued reports on HON. Bank of America upgraded Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 target price for the company in a research report on Wednesday. Royal Bank of Canada increased their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a report on Wednesday, April 30th. Barclays lowered their target price on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a report on Wednesday, April 30th. JPMorgan Chase & Co. cut 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 note on Tuesday, April 8th. Finally, 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 research note on Wednesday, April 30th. Nine research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $242.23.

Honeywell International Trading Down 0.1 %

NASDAQ HON opened at $214.50 on Friday. The company’s 50-day simple moving average is $205.16 and its two-hundred day simple moving average is $215.40. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a market capitalization of $137.85 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. 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 (NASDAQ:HON) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion during 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%. Honeywell International’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.25 earnings per share. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders 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 dividend on an annualized basis and a yield of 2.11%. Honeywell International’s dividend payout ratio is presently 51.95%.

Insider Buying and Selling at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business’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 transaction of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a legal 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.