Honeywell International Inc. (NASDAQ:HON) Shares Sold by Norinchukin Bank The

Norinchukin Bank The cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,030 shares of the conglomerate's stock after selling 8,555 shares during the quarter. Honeywell International comprises approximately 0.7% of Norinchukin Bank The's investment portfolio, making the stock its 25th biggest position. Norinchukin Bank The's holdings in Honeywell International were worth $33,664,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Mainstream Capital Management LLC acquired a new position in Honeywell International in the fourth quarter valued at about $25,000. Avalon Trust Co lifted its holdings in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Hoese & Co LLP acquired a new position in Honeywell International during the fourth quarter worth $30,000. Curio Wealth LLC acquired a new stake in shares of Honeywell International in the fourth quarter valued at $35,000. Finally, Alexis Investment Partners LLC purchased a new stake in shares of Honeywell International in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Stock Up 1.6 %

NASDAQ:HON traded up $3.22 during midday trading on Thursday, hitting $200.53. 1,473,483 shares of the company were exchanged, compared to its average volume of 3,655,034. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a market capitalization of $128.99 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company has a fifty day simple moving average of $205.45 and a 200 day simple moving average of $215.88.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's dividend payout ratio is currently 51.89%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HON. Barclays dropped their target price on Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Citigroup cut their target price on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada reduced their price objective on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and boosted their target price for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $242.15.

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by insiders.

Honeywell International 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.