Truist Financial Corp Sells 49,986 Shares of Honeywell International Inc. (NASDAQ:HON)

Truist Financial Corp lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 673,730 shares of the conglomerate's stock after selling 49,986 shares during the quarter. Truist Financial Corp owned approximately 0.10% of Honeywell International worth $141,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cordant Inc. bought a new stake in shares of Honeywell International in the fourth quarter worth $31,000. Rakuten Securities Inc. bought a new stake in shares of Honeywell International in the fourth quarter worth $31,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International in the fourth quarter worth $37,000. TFO Wealth Partners LLC grew its stake in shares of Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate's stock worth $41,000 after purchasing an additional 114 shares during the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in shares of Honeywell International by 42.0% in the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate's stock worth $47,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research analyst reports. Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a research report on Friday, February 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. Barclays upped their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a "hold" rating to a "buy" rating and upped their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, StockNews.com cut shares of Honeywell International from a "buy" rating to a "hold" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $219.67.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company's stock.

Honeywell International Stock Up 0.2 %

Shares of HON traded up $0.43 on Friday, reaching $193.45. The company's stock had a trading volume of 3,041,537 shares, compared to its average volume of 2,666,853. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The stock has a market capitalization of $125.97 billion, a PE ratio of 22.42, a PEG ratio of 2.21 and a beta of 1.02. The firm has a fifty day moving average of $198.18 and a 200-day moving average of $196.34.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the prior year, the firm posted $2.07 EPS. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International's dividend payout ratio is currently 50.06%.

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.