Public Employees Retirement Association of Colorado Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Public Employees Retirement Association of Colorado cut its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,044 shares of the conglomerate's stock after selling 2,950 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Honeywell International were worth $19,662,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Baldwin Wealth Partners LLC MA raised its position in shares of Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock valued at $15,203,000 after purchasing an additional 2,611 shares during the last quarter. World Investment Advisors raised its position in shares of Honeywell International by 137.7% in the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after purchasing an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. purchased a new position in shares of Honeywell International in the 4th quarter valued at approximately $361,000. Costello Asset Management INC purchased a new position in shares of Honeywell International in the 4th quarter valued at approximately $3,092,000. Finally, Schroder Investment Management Group raised its position in shares of Honeywell International by 12.7% in the 4th quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after purchasing an additional 10,092 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a report on Wednesday. Citigroup cut their price target on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Morgan Stanley increased their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and increased their price target for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Finally, Royal Bank of Canada increased their price target on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a report on Wednesday. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $241.46.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Price Performance

NASDAQ HON traded up $0.24 during trading hours on Thursday, hitting $210.74. 3,589,623 shares of the company's stock traded hands, compared to its average volume of 3,697,963. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a market capitalization of $135.56 billion, a PE ratio of 24.20, a PEG ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm's 50-day moving average is $205.01 and its 200-day moving average is $215.66.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter in the prior year, the company posted $2.25 EPS. The business's revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.14%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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.