Sit Investment Associates Inc. Sells 28,020 Shares of Honeywell International Inc. (NASDAQ:HON)

Sit Investment Associates Inc. reduced its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 32.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,965 shares of the conglomerate's stock after selling 28,020 shares during the quarter. Sit Investment Associates Inc.'s holdings in Honeywell International were worth $13,320,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Mainstream Capital Management LLC bought a new stake in Honeywell International during the fourth quarter valued at about $25,000. Avalon Trust Co boosted its position in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after acquiring an additional 75 shares during the period. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the fourth quarter worth $30,000. Financial Avengers Inc. raised its stake in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Curio Wealth LLC bought a new stake in Honeywell International in the 4th quarter valued at $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction 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 sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by corporate insiders.

Honeywell International Price Performance

NASDAQ HON traded down $6.58 during trading hours on Thursday, reaching $192.52. 2,133,585 shares of the stock traded hands, compared to its average volume of 3,600,982. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. 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 stock has a 50 day simple moving average of $208.35 and a two-hundred day simple moving average of $216.56. The company has a market cap of $125.12 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

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, topping analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, analysts predict 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.35%. Honeywell International's dividend payout ratio (DPR) is currently 51.89%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays lowered their price objective on Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Jefferies Financial Group increased their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a research note on Tuesday, December 17th. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a research report on Wednesday, December 11th. The Goldman Sachs Group increased their target price on Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their price target on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $245.00.

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.