Axa S.A. Lowers Stock Position in Honeywell International Inc. (NASDAQ:HON)

AXA S.A. cut its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 18.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 130,293 shares of the conglomerate's stock after selling 30,045 shares during the period. AXA S.A.'s holdings in Honeywell International were worth $29,432,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HON. Mainstream Capital Management LLC acquired a new position in Honeywell International during the 4th quarter worth $25,000. Avalon Trust Co raised its holdings in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new position in Honeywell International during the fourth quarter worth about $30,000. Accredited Wealth Management LLC bought a new stake in Honeywell International during the fourth quarter worth approximately $34,000. Finally, Curio Wealth LLC purchased a new stake in Honeywell International during the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Stock Performance

Honeywell International stock traded up $4.68 during midday trading on Wednesday, reaching $214.61. 4,333,996 shares of the company traded hands, compared to its average volume of 3,731,835. The business has a 50 day moving average of $205.08 and a two-hundred day moving average of $215.45. The firm 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 Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last released its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion for 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%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.25 earnings per share. As a group, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. 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 payout ratio is 51.95%.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction that occurred on 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 transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HON shares. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and raised their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. JPMorgan Chase & Co. dropped their price objective on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Citigroup dropped their price target on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Royal Bank of Canada raised their price target 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. Nine 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $242.23.

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.