Baird Financial Group Inc. Sells 15,552 Shares of Honeywell International Inc. (NASDAQ:HON)

Baird Financial Group Inc. lessened its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 297,860 shares of the conglomerate's stock after selling 15,552 shares during the period. Baird Financial Group Inc.'s holdings in Honeywell International were worth $67,284,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock valued at $13,951,353,000 after purchasing an additional 380,299 shares in the last quarter. Geode Capital Management LLC grew its position in Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock worth $3,379,568,000 after purchasing an additional 627,422 shares during the period. Capital World Investors purchased a new position in Honeywell International during the fourth quarter valued at approximately $1,594,216,000. Bank of New York Mellon Corp lifted its stake in shares of Honeywell International by 10.3% in 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 purchasing an additional 631,761 shares during the period. Finally, Capital Research Global Investors boosted 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 worth $1,500,141,000 after acquiring an additional 346,190 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Up 2.2 %

Shares of NASDAQ:HON traded up $4.68 during trading on Wednesday, reaching $214.61. 4,333,996 shares of the company traded hands, compared to its average volume of 3,738,554. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The firm has a fifty day simple moving average of $205.11 and a 200 day simple moving average of $215.44. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market cap of $137.93 billion, a P/E 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 quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion during 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%. Honeywell International's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.25 EPS. Analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share 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. Shareholders of record on Friday, May 16th will be paid a $1.13 dividend. The ex-dividend date 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 presently 51.95%.

Analysts Set New Price Targets

A number of brokerages have commented on HON. Royal Bank of Canada increased their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their price objective on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Wells Fargo & Company lifted their target price on Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley increased their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and an average target price of $242.23.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International 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.