State of Alaska Department of Revenue Reduces Stake in Honeywell International Inc. $HON

Key Points

• State of Alaska Department of Revenue trimmed its Honeywell stake by 7.2% in Q4, selling 4,880 shares and leaving it with 63,058 shares valued at about $12.3 million.
• Insiders sold heavily — company insiders sold 18,190 shares worth $4.24 million over the last quarter, including VP Robert Mailloux and Director D. Scott Davis, leaving corporate insiders with a 0.41% ownership stake.
• Company performance & outlook — Honeywell beat Q4 estimates (EPS $2.59 vs. $2.54; revenue $10.07B vs. $9.60B), pays a $1.19 quarterly dividend (2.0% yield), and carries a consensus analyst target of $251.83 with a "Moderate Buy" rating.

State of Alaska Department of Revenue trimmed its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,058 shares of the conglomerate's stock after selling 4,880 shares during the quarter. State of Alaska Department of Revenue's holdings in Honeywell International were worth $12,301,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Holos Integrated Wealth LLC purchased a new position in Honeywell International in the fourth quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC lifted its stake in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate's stock valued at $30,000 after buying an additional 118 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at approximately $31,000. Cedar Mountain Advisors LLC lifted its stake in shares of Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate's stock valued at $33,000 after buying an additional 84 shares in the last quarter. Finally, Strive Asset Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at approximately $33,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 18,190 shares of company stock worth $4,244,287 over the last quarter. Corporate insiders own 0.41% of the company's stock.

Honeywell International Stock Performance

NASDAQ HON opened at $233.64 on Tuesday. Honeywell International Inc. has a 1 year low of $181.25 and a 1 year high of $248.18. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The stock has a market capitalization of $148.52 billion, a PE ratio of 29.24, a P/E/G ratio of 3.40 and a beta of 0.93. The company's 50 day simple moving average is $235.14 and its two-hundred day simple moving average is $214.48.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $9.60 billion. During the same period in the prior year, the company posted $2.47 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.19 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.0%. Honeywell International's dividend payout ratio is currently 59.57%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Rothschild & Co Redburn upped their price target on shares of Honeywell International from $222.00 to $235.00 and gave the company a "neutral" rating in a research note on Monday, February 2nd. Morgan Stanley upped their price target on shares of Honeywell International from $235.00 to $245.00 and gave the company an "equal weight" rating in a research note on Thursday, March 12th. BNP Paribas Exane upped their price target on shares of Honeywell International from $195.00 to $215.00 and gave the company a "neutral" rating in a research note on Monday, February 2nd. Argus upped their price target on shares of Honeywell International from $250.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, February 18th. Finally, Wolfe Research upped their price target on shares of Honeywell International from $293.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, March 26th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of "Moderate Buy" and a consensus target price of $251.83.

About Honeywell International

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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