Ameriprise Financial Inc. Cuts Position in Honeywell International Inc. (NASDAQ:HON)

Ameriprise Financial Inc. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,272,305 shares of the conglomerate's stock after selling 39,752 shares during the period. Ameriprise Financial Inc. owned about 1.27% of Honeywell International worth $1,868,646,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Alteri Wealth LLC purchased a new stake in Honeywell International in the 4th quarter worth approximately $552,000. Ancora Advisors LLC lifted its stake in shares of Honeywell International by 0.6% in the 4th quarter. Ancora Advisors LLC now owns 208,469 shares of the conglomerate's stock valued at $47,091,000 after purchasing an additional 1,183 shares during the last quarter. Aptus Capital Advisors LLC lifted its holdings in shares of Honeywell International by 28.7% in the 4th quarter. Aptus Capital Advisors LLC now owns 96,851 shares of the conglomerate's stock worth $21,878,000 after acquiring an additional 21,612 shares during the last quarter. Accredited Wealth Management LLC acquired a new position in Honeywell International during the 4th quarter worth about $34,000. Finally, Advanced Portfolio Management LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at approximately $504,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

HON has been the topic of several research analyst reports. Citigroup cut their price target on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada lifted their price objective on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a report on Wednesday. Barclays reduced their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Finally, Morgan Stanley lifted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Nine investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $242.23.

Insider Buying and Selling at Honeywell International

In related 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.41% of the company's stock.

Honeywell International Price Performance

Shares of HON traded up $4.68 during midday trading on Wednesday, reaching $214.61. The stock had a trading volume of 4,333,996 shares, compared to its average volume of 3,738,554. 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 12-month low of $179.36 and a 12-month high of $242.77. The company's 50-day moving average is $205.08 and its 200 day moving average is $215.45. The company has a market capitalization of $137.93 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its 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 quarter in the previous year, the firm posted $2.25 EPS. The firm's revenue was up 7.9% on a year-over-year basis. On average, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.11%. Honeywell International's dividend payout ratio is presently 51.95%.

Honeywell International Company 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.