AlTi Global Inc. lessened its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 21.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,417 shares of the conglomerate's stock after selling 4,569 shares during the quarter. AlTi Global Inc.'s holdings in Honeywell International were worth $3,708,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Honeywell International by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock worth $13,951,353,000 after purchasing an additional 380,299 shares during the period. Geode Capital Management LLC grew its stake in shares of Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after acquiring an additional 627,422 shares during the last quarter. Capital World Investors acquired a new position in shares of Honeywell International in the 4th quarter valued at $1,594,216,000. Bank of New York Mellon Corp lifted its stake in Honeywell International by 10.3% during the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate's stock valued at $1,527,867,000 after acquiring an additional 631,761 shares during the period. Finally, Capital Research Global Investors raised its stake in shares of Honeywell International by 5.5% during the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate's stock valued at $1,500,141,000 after buying an additional 346,190 shares during the last quarter. Institutional investors own 75.91% of the company's stock.
Honeywell International Price Performance
Shares of HON stock traded up $4.68 during trading hours on Wednesday, hitting $214.61. The company's stock had a trading volume of 4,301,675 shares, compared to its average volume of 3,731,823. The business has a fifty day moving average of $205.08 and a 200-day moving average of $215.45. The stock has a market cap of $137.93 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77.
Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the previous year, the firm posted $2.25 earnings per share. The company's quarterly revenue was up 7.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.
Honeywell International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.
Analyst Ratings Changes
A number of research firms have recently commented on HON. Barclays cut their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and increased their target price for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Citigroup dropped their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada upped their target price on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their target price on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Nine equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $242.23.
Read Our Latest Analysis on HON
Insider Transactions at Honeywell International
In other 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.41% of the company's stock.
Honeywell International Company Profile
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Free Report)
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.
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