OVERSEA CHINESE BANKING Corp Ltd Sells 1,154 Shares of Honeywell International Inc. (NASDAQ:HON)

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

Several other large investors have also recently bought and sold shares of HON. Industrial Alliance Investment Management Inc. raised its position in shares of Honeywell International by 1,205.8% in the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after purchasing an additional 3,135 shares during the period. Jag Capital Management LLC lifted its holdings in shares of Honeywell International by 40.8% during the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock worth $299,000 after acquiring an additional 469 shares during the period. Shulman DeMeo Asset Management LLC boosted its position in shares of Honeywell International by 11.1% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock worth $354,000 after acquiring an additional 169 shares in the last quarter. Ferguson Wellman Capital Management Inc. increased its stake in Honeywell International by 1.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after acquiring an additional 8,493 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in Honeywell International during the third quarter valued at approximately $203,000. Institutional investors own 75.91% of the company’s stock.

Insider Activity

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

Honeywell International Stock Up 0.7 %

Shares of Honeywell International stock opened at $195.58 on Tuesday. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market cap of $127.36 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.23 and a beta of 1.02. The company has a 50-day moving average of $198.31 and a 200 day moving average of $196.18.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $9.70 billion. During the same period in the previous year, the company earned $2.52 earnings per share. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date of this dividend 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%.

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.