Honeywell International Inc. (NASDAQ:HON) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 74.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,001,296 shares of the conglomerate's stock after selling 2,977,576 shares during the quarter. Janus Henderson Group PLC owned 0.15% of Honeywell International worth $226,200,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HON. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $25,000. Avalon Trust Co raised its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the 4th quarter valued at $30,000. Accredited Wealth Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $34,000. Finally, Curio Wealth LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HON shares. JPMorgan Chase & Co. raised their price objective on shares of Honeywell International from $182.00 to $217.00 and gave the company a "neutral" rating in a report on Friday. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and increased their target price for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Wells Fargo & Company increased their target price on shares of Honeywell International from $205.00 to $225.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 30th. Royal Bank of Canada increased their target price 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. Finally, Citigroup dropped their target price on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and a consensus target price of $245.23.

Honeywell International Stock Performance

NASDAQ:HON traded up $0.59 during trading hours on Friday, reaching $222.88. 2,895,038 shares of the company's stock were exchanged, compared to its average volume of 3,770,673. The firm has a market capitalization of $143.24 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a 50-day moving average of $206.11 and a 200 day moving average of $215.76. 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 1-year low of $179.36 and a 1-year high of $242.77.

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

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 51.95%.

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.