Franklin Resources Inc. Sells 1,221,405 Shares of Honeywell International Inc. (NASDAQ:HON)

Franklin Resources Inc. lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,679,766 shares of the conglomerate's stock after selling 1,221,405 shares during the period. Franklin Resources Inc. owned 0.86% of Honeywell International worth $1,191,104,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in HON. Altshuler Shaham Ltd acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new position in Honeywell International in the 4th quarter valued at $31,000. Cordant Inc. bought a new position in Honeywell International during the 4th quarter worth $31,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International during the fourth quarter worth $37,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Honeywell International in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HON shares. Royal Bank of Canada cut their price target on 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and increased their price objective for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Finally, StockNews.com raised shares of Honeywell International from a "hold" rating to a "buy" rating in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $215.71.

Insider Buying and Selling at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the business's stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Darius Adamczyk sold 28,500 shares of the company's stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the sale, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the business's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares of the company's stock, valued at $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company's stock.

Honeywell International Trading Down 0.7 %

NASDAQ HON traded down $1.35 on Monday, reaching $204.62. The company had a trading volume of 2,008,294 shares, compared to its average volume of 2,964,136. The firm has a market cap of $133.25 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 2.38 and a beta of 1.02. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The business has a 50 day moving average of $198.17 and a two-hundred day moving average of $198.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

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 return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the company earned $2.07 earnings per share. The firm's revenue was up 2.7% compared to the same quarter last year. Analysts forecast that Honeywell International Inc. will post 9.93 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.11%. Honeywell International's dividend payout ratio is currently 50.06%.

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.

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