New York State Common Retirement Fund Sells 79,453 Shares of Honeywell International Inc. (NASDAQ:HON)

New York State Common Retirement Fund lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,025,077 shares of the conglomerate's stock after selling 79,453 shares during the period. New York State Common Retirement Fund owned 0.16% of Honeywell International worth $214,969,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cordant Inc. acquired a new position in shares of Honeywell International during the fourth quarter valued at $31,000. Rakuten Securities Inc. acquired a new position in Honeywell International in the fourth quarter valued at about $31,000. Financial Connections Group Inc. acquired a new position in Honeywell International in the fourth quarter valued at about $37,000. TFO Wealth Partners LLC lifted its stake in Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate's stock valued at $41,000 after buying an additional 114 shares during the period. Finally, Raleigh Capital Management Inc. lifted its stake in Honeywell International by 42.0% in the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate's stock valued at $47,000 after buying an additional 76 shares during the period. Institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

HON has been the topic of a number of research analyst reports. Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada decreased their target price on 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, Berenberg Bank raised Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $219.67.

Honeywell International Price Performance

HON traded up $1.32 on Monday, reaching $195.58. The stock had a trading volume of 2,366,907 shares, compared to its average volume of 3,005,167. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The firm has a 50-day moving average of $198.31 and a 200-day moving average of $196.18. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $127.36 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.01. The company had revenue of $9.44 billion during the quarter, compared to analysts' expectations of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.52 earnings per share. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.21%. Honeywell International's payout ratio is 51.00%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

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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