Pinnacle Financial Partners Inc Sells 9,544 Shares of Honeywell International Inc. (NASDAQ:HON)

Pinnacle Financial Partners Inc lessened its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,773 shares of the conglomerate's stock after selling 9,544 shares during the period. Pinnacle Financial Partners Inc's holdings in Honeywell International were worth $23,230,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of HON. Moneta Group Investment Advisors LLC increased its stake in Honeywell International by 101,603.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate's stock valued at $1,223,139,000 after acquiring an additional 5,701,989 shares during the period. Barclays PLC increased its stake in Honeywell International by 57.3% in the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate's stock valued at $589,462,000 after acquiring an additional 1,162,518 shares during the period. Deutsche Bank AG increased its stake in Honeywell International by 80.7% in the first quarter. Deutsche Bank AG now owns 1,838,191 shares of the conglomerate's stock valued at $351,315,000 after acquiring an additional 821,001 shares during the period. Van ECK Associates Corp boosted its position in Honeywell International by 853.0% in the third quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate's stock valued at $163,980,000 after buying an additional 794,489 shares in the last quarter. Finally, Holocene Advisors LP boosted its position in Honeywell International by 215.2% in the second quarter. Holocene Advisors LP now owns 1,036,117 shares of the conglomerate's stock valued at $214,994,000 after buying an additional 707,436 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $3.24 during mid-day trading on Monday, reaching $202.01. 2,221,415 shares of the company were exchanged, compared to its average volume of 3,070,620. The company's 50-day simple moving average is $199.21 and its 200-day simple moving average is $195.36. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $131.75 billion, a P/E ratio of 23.94, a P/E/G ratio of 2.31 and a beta of 1.02. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period last year, the firm earned $2.52 earnings per share. Honeywell International's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts predict that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.14%. The ex-dividend date was Thursday, February 29th. Honeywell International's dividend payout ratio is currently 51.00%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the firm's stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company's stock, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.43% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on HON. Wells Fargo & Company boosted their price target on shares of Honeywell International from $190.00 to $213.00 and gave the company an "equal weight" rating in a research report on Tuesday, December 19th. Berenberg Bank upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and upped their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada cut their price objective on shares of Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a report on Friday, February 2nd. Finally, Barclays upped their target price on shares of Honeywell International from $225.00 to $230.00 and gave the company an "overweight" rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Honeywell International presently has a consensus rating of "Hold" and an average target price of $220.89.

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.