Two Sigma Investments LP Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Two Sigma Investments LP lowered its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 97.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,956 shares of the conglomerate's stock after selling 612,349 shares during the quarter. Two Sigma Investments LP's holdings in Honeywell International were worth $3,378,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Valmark Advisers Inc. raised its holdings in shares of Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after purchasing an additional 45 shares during the period. Saxony Capital Management LLC grew its stake in Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after buying an additional 47 shares in the last quarter. Claris Advisors LLC MO grew its stake in Honeywell International by 4.8% in the 4th quarter. Claris Advisors LLC MO now owns 1,069 shares of the conglomerate's stock valued at $241,000 after buying an additional 49 shares in the last quarter. Avantax Planning Partners Inc. grew its stake in Honeywell International by 1.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate's stock valued at $777,000 after buying an additional 49 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co LLC grew its stake in Honeywell International by 0.6% in the 4th quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 8,835 shares of the conglomerate's stock valued at $1,996,000 after buying an additional 50 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Up 0.6%

Shares of NASDAQ:HON traded up $1.25 during midday trading on Tuesday, hitting $226.77. 2,808,983 shares of the stock traded hands, compared to its average volume of 3,827,358. The stock has a market capitalization of $145.74 billion, a PE ratio of 26.04, a P/E/G ratio of 2.51 and a beta of 1.07. The business's 50 day moving average is $209.49 and its two-hundred day moving average is $216.15. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.25 earnings per share. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio is currently 51.95%.

Analyst Ratings Changes

A number of research analysts have recently commented on HON shares. Royal Bank of Canada boosted their price target on shares of Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Morgan Stanley upped their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and upped their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Wells Fargo & Company upped their target price on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 30th. Finally, Barclays cut their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Eight research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $245.57.

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.