Banco Bilbao Vizcaya Argentaria S.A. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 34.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,759 shares of the conglomerate's stock after selling 8,784 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Honeywell International were worth $3,789,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Honeywell International by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate's stock valued at $13,951,353,000 after acquiring an additional 380,299 shares in the last quarter. Geode Capital Management LLC raised its position in Honeywell International by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate's stock valued at $3,379,568,000 after acquiring an additional 627,422 shares in the last quarter. 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 raised its position in Honeywell International by 10.3% during the fourth 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 in the last quarter. Finally, Capital Research Global Investors increased its position in shares of Honeywell International by 5.5% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.
Honeywell International Trading Down 0.1 %
HON stock traded down $0.21 during mid-day trading on Thursday, hitting $210.29. 1,140,664 shares of the company were exchanged, compared to its average volume of 3,694,196. 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 capitalization of $135.27 billion, a P/E ratio of 24.14, a PEG ratio of 2.51 and a beta of 1.01. The business has a fifty day simple moving average of $205.01 and a 200-day simple moving average of $215.66. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.
Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Honeywell International's revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.25 earnings per share. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.
Honeywell International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.15%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.
Insider Activity
In related news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares of the company's stock, 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 through this hyperlink. Insiders own 0.41% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on HON. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Morgan Stanley boosted their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Royal Bank of Canada boosted their price objective on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday. Citigroup cut their price objective 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. Finally, Barclays dropped their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Honeywell International currently has a consensus rating of "Hold" and an average target price of $241.46.
Get Our Latest Stock Analysis on Honeywell International
About Honeywell International
(
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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