Honeywell International Inc. (NASDAQ:HON) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,776 shares of the conglomerate's stock after selling 6,630 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Honeywell International were worth $30,896,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. Cahill Financial Advisors Inc. increased its stake in Honeywell International by 30.3% in the fourth quarter. Cahill Financial Advisors Inc. now owns 5,401 shares of the conglomerate's stock worth $1,220,000 after purchasing an additional 1,257 shares during the period. Captrust Financial Advisors grew its holdings in shares of Honeywell International by 2.9% in the fourth quarter. Captrust Financial Advisors now owns 183,823 shares of the conglomerate's stock worth $41,524,000 after purchasing an additional 5,228 shares during the last quarter. Cary Street Partners Financial LLC purchased a new position in Honeywell International in the 4th quarter worth about $9,024,000. Baldwin Investment Management LLC lifted its holdings in Honeywell International by 3.3% during the 4th quarter. Baldwin Investment Management LLC now owns 6,663 shares of the conglomerate's stock valued at $1,505,000 after buying an additional 210 shares in the last quarter. Finally, Banque de Luxembourg S.A. purchased a new stake in Honeywell International in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley lifted their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Royal Bank of Canada increased their price target 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 lifted their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Finally, Bank of America upgraded shares of Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $242.23.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by insiders.

Honeywell International Stock Down 0.7 %

Shares of HON stock traded down $1.51 during trading hours on Friday, reaching $213.03. 2,393,982 shares of the company's stock were exchanged, compared to its average volume of 3,745,819. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock's 50 day moving average is $205.26 and its 200-day moving average is $215.33. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a market cap of $136.91 billion, a price-to-earnings ratio of 24.46, a P/E/G ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for 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 firm's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.25 EPS. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

About Honeywell International

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.