GAM Holding AG Has $3.77 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

GAM Holding AG trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 47.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,964 shares of the conglomerate's stock after selling 16,276 shares during the period. GAM Holding AG's holdings in Honeywell International were worth $3,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HON. Indiana Trust & Investment Management CO raised its holdings in Honeywell International by 0.9% during the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate's stock valued at $1,167,000 after buying an additional 50 shares in the last quarter. Ballentine Partners LLC raised its holdings in Honeywell International by 2.5% during the fourth quarter. Ballentine Partners LLC now owns 23,101 shares of the conglomerate's stock valued at $4,845,000 after buying an additional 572 shares in the last quarter. WoodTrust Financial Corp raised its holdings in Honeywell International by 1.8% during the fourth quarter. WoodTrust Financial Corp now owns 24,354 shares of the conglomerate's stock valued at $5,107,000 after buying an additional 423 shares in the last quarter. Trust Point Inc. bought a new position in Honeywell International during the fourth quarter valued at about $3,085,000. Finally, Bridges Investment Management Inc. increased its stake in shares of Honeywell International by 3.5% in the fourth quarter. Bridges Investment Management Inc. now owns 25,116 shares of the conglomerate's stock worth $5,267,000 after purchasing an additional 850 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on Honeywell International from $190.00 to $213.00 and gave the stock an "equal weight" rating in a research report on Tuesday, December 19th. Royal Bank of Canada cut their target price on shares of Honeywell International from $210.00 to $209.00 and set a "sector perform" rating for the company in a research note on Friday, February 2nd. Berenberg Bank upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $221.11.

Honeywell International Trading Down 1.1 %

Shares of Honeywell International stock traded down $2.26 on Wednesday, hitting $197.97. 2,495,951 shares of the company's stock traded hands, compared to its average volume of 3,054,531. The firm's 50-day moving average price is $199.18 and its two-hundred day moving average price is $195.47. The stock has a market capitalization of $129.11 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 2.27 and a beta of 1.02. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

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

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International's payout ratio is presently 51.00%.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the company's stock in a transaction on 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 completion of the transaction, the director now directly owns 183,400 shares of the company's stock, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.43% of the company's stock.

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.

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