Price T Rowe Associates Inc. MD Sells 975,903 Shares of Honeywell International Inc. (NASDAQ:HON)

Price T Rowe Associates Inc. MD reduced its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 17.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,614,251 shares of the conglomerate's stock after selling 975,903 shares during the period. Price T Rowe Associates Inc. MD owned 0.71% of Honeywell International worth $1,042,314,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HON. Capital World Investors bought a new position in Honeywell International during the fourth quarter valued at $1,594,216,000. Raymond James Financial Inc. bought a new position in Honeywell International during the fourth quarter valued at $435,786,000. ING Groep NV grew its holdings in Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after purchasing an additional 1,574,376 shares during the period. Cibc World Markets Corp lifted its position in shares of Honeywell International by 411.8% during the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after acquiring an additional 1,018,099 shares in the last quarter. Finally, Demars Financial Group LLC purchased a new stake in shares of Honeywell International during the fourth quarter worth $155,407,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

NASDAQ HON traded up $10.00 during trading hours on Tuesday, reaching $210.66. 3,523,481 shares of the stock traded hands, compared to its average volume of 3,671,566. The stock has a 50 day simple moving average of $205.03 and a two-hundred day simple moving average of $215.73. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The company has a market cap of $135.51 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

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

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.15%. Honeywell International's dividend payout ratio (DPR) is currently 51.89%.

Analysts Set New Price Targets

HON has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and increased their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Wells Fargo & Company dropped their target price on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Barclays dropped their target price on Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Royal Bank of Canada dropped their target price on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Finally, Citigroup lowered their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of "Hold" and a consensus target price of $242.15.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the firm's 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 sale, the vice president now directly owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.41% of the company's stock.

Honeywell International Company 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.