First Trust Advisors LP Sells 100,156 Shares of Honeywell International Inc. $HON

Key Points

• First Trust Advisors LP sold 100,156 shares of Honeywell, cutting its stake by 6.9% to 1,350,802 shares worth about $284.3 million (≈0.21% of the company).
• Analyst sentiment is positive with a consensus rating of "Moderate Buy" (12 Buy / 8 Hold / 1 Sell) and a consensus target price of $251.22, while firms like RBC and Barclays recently raised their targets to $268 and $275 respectively.
• Honeywell beat quarterly estimates (EPS $2.59 vs. $2.54; revenue $10.07B vs. $9.60B) and declared a $1.19 quarterly dividend (ex-dividend Feb 27), implying a ~2.0% yield.

First Trust Advisors LP cut its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,350,802 shares of the conglomerate's stock after selling 100,156 shares during the quarter. First Trust Advisors LP owned approximately 0.21% of Honeywell International worth $284,344,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after acquiring an additional 1,582 shares during the period. Acadian Asset Management LLC grew its stake in Honeywell International by 145.7% in the 1st quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate's stock valued at $937,000 after purchasing an additional 2,629 shares during the period. Schnieders Capital Management LLC. increased its position in shares of Honeywell International by 18.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate's stock valued at $1,844,000 after purchasing an additional 1,223 shares during the last quarter. Valtinson Bruner Financial Planning LLC increased its position in shares of Honeywell International by 2.1% during the 2nd quarter. Valtinson Bruner Financial Planning LLC now owns 7,188 shares of the conglomerate's stock valued at $1,674,000 after purchasing an additional 147 shares during the last quarter. Finally, Mcrae Capital Management Inc. raised its stake in shares of Honeywell International by 1.4% during the 2nd quarter. Mcrae Capital Management Inc. now owns 10,398 shares of the conglomerate's stock worth $2,422,000 after purchasing an additional 145 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HON. Royal Bank Of Canada increased their price target on shares of Honeywell International from $249.00 to $268.00 and gave the company an "outperform" rating in a research report on Friday, January 30th. Mizuho reduced their target price on shares of Honeywell International from $250.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, January 5th. Barclays raised their price target on shares of Honeywell International from $259.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday. Rothschild & Co Redburn upped their price objective on Honeywell International from $222.00 to $235.00 and gave the company a "neutral" rating in a research note on Monday, February 2nd. Finally, DZ Bank reduced their price objective on Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.22.

Honeywell International Stock Down 1.3%

Shares of NASDAQ HON opened at $235.29 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The business has a 50-day moving average of $225.66 and a 200-day moving average of $211.78. The firm has a market capitalization of $149.57 billion, a price-to-earnings ratio of 29.45, a PEG ratio of 3.45 and a beta of 0.92. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $248.18.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts' consensus estimates of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period last year, the firm posted $2.47 earnings per share. Honeywell International's quarterly revenue was up 6.4% on a year-over-year basis. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. Honeywell International's dividend payout ratio (DPR) is 59.57%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the firm's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the sale, the vice president directly owned 4,803 shares of the company's stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,190 shares of company stock valued at $4,244,287 over the last quarter. 0.20% of the stock is owned by company insiders.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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