Ensign Peak Advisors Inc Sells 468,669 Shares of Honeywell International Inc. (NASDAQ:HON)

Ensign Peak Advisors Inc cut its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 32.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 960,273 shares of the conglomerate's stock after selling 468,669 shares during the quarter. Ensign Peak Advisors Inc owned 0.15% of Honeywell International worth $216,916,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of HON. Mainstream Capital Management LLC bought a new position in Honeywell International in the fourth quarter valued at about $25,000. Avalon Trust Co raised its position in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Honeywell International during the fourth quarter worth about $30,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International during the fourth quarter worth about $34,000. Finally, Curio Wealth LLC bought a new position in shares of Honeywell International during the fourth quarter worth about $35,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of NASDAQ:HON traded up $6.31 during midday trading on Monday, hitting $219.34. The company had a trading volume of 4,031,949 shares, compared to its average volume of 3,752,674. The business's 50-day simple moving average is $205.26 and its 200-day simple moving average is $215.34. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock has a market cap of $140.97 billion, a price-to-earnings ratio of 25.18, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. 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 announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Honeywell International's revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.25 EPS. On average, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders 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 annualized dividend and a dividend yield of 2.06%. Honeywell International's payout ratio is 51.95%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada raised 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. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Morgan Stanley raised their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Barclays lowered 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. Finally, Wells Fargo & Company raised their price objective on Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $242.23.

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.