Honeywell International Inc. (NASDAQ:HON) Holdings Lowered by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 27.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 228,004 shares of the conglomerate's stock after selling 85,686 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Honeywell International were worth $51,533,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Valmark Advisers Inc. lifted its position in shares of Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after purchasing an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. increased its stake in Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock worth $327,000 after buying an additional 47 shares during the period. Saxony Capital Management LLC lifted its holdings in Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after buying an additional 47 shares in the last quarter. Magnus Financial Group LLC boosted its position in Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after buying an additional 48 shares during the last quarter. Finally, Bill Few Associates Inc. boosted its position in Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock valued at $3,524,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HON. Morgan Stanley lifted their target price 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 dropped their price objective on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. Bank of America raised shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company lifted their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.57.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $1.60 during midday trading on Monday, hitting $222.03. The company's stock had a trading volume of 2,537,210 shares, compared to its average volume of 3,791,042. The firm has a market cap of $142.69 billion, a P/E ratio of 25.49, a P/E/G ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 1-year low of $179.36 and a 1-year high of $242.77. The firm's fifty day moving average price is $207.60 and its 200-day moving average price is $216.24. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating 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 return on equity of 35.78% and a net margin of 14.82%. The business's revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.25 earnings per share. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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.