Honeywell International Inc. (NASDAQ:HON) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 5.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 93,260 shares of the conglomerate’s stock after selling 5,287 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Honeywell International were worth $19,142,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. LGT Group Foundation bought a new stake in shares of Honeywell International in the 1st quarter worth approximately $26,000. Altshuler Shaham Ltd bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $27,000. Scarborough Advisors LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $27,000. Cordant Inc. bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $31,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $31,000. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft reiterated 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. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. UBS Group upgraded shares of Honeywell International from a “sell” rating to a “neutral” rating and upped their price objective for the company from $175.00 to $215.00 in a research note on Monday, June 10th. Finally, Royal Bank of Canada dropped their price objective on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a research note on Friday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Moderate Buy” and an average price target of $225.00.

Insider Buying and Selling

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.41% of the stock is owned by insiders.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $1.24 during mid-day trading on Monday, reaching $201.50. 1,440,065 shares of the stock were exchanged, compared to its average volume of 2,899,214. The company has a current ratio of 1.21, a quick ratio of 0.91 and a debt-to-equity ratio of 1.19. The company has a market cap of $130.91 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.04. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $220.79. The firm has a 50-day simple moving average of $209.95 and a 200 day simple moving average of $202.53.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. The firm had revenue of $9.58 billion during the quarter, compared to analysts’ expectations of $9.41 billion. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.23 EPS. On average, sell-side analysts predict that Honeywell International Inc. will post 10.15 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

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.