Bank OZK Sells 306 Shares of Honeywell International Inc. (NASDAQ:HON)

Bank OZK lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 11,634 shares of the conglomerate’s stock after selling 306 shares during the period. Honeywell International comprises approximately 1.2% of Bank OZK’s investment portfolio, making the stock its 20th biggest position. Bank OZK’s holdings in Honeywell International were worth $2,440,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in Honeywell International by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock worth $1,292,307,000 after purchasing an additional 347,808 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Honeywell International by 4.3% in the third quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock worth $1,188,533,000 after buying an additional 263,640 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Honeywell International by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate’s stock worth $656,812,000 after buying an additional 34,135 shares during the period. Barclays PLC grew its stake in Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after buying an additional 1,162,518 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its holdings in Honeywell International by 51.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after acquiring an additional 636,104 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

HON stock traded up $0.43 during trading on Friday, reaching $193.45. 3,041,537 shares of the stock were exchanged, compared to its average volume of 2,666,853. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a market capitalization of $125.97 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The stock has a 50 day simple moving average of $198.18 and a 200-day simple moving average of $196.27. 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 (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share 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 business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the business earned $2.07 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors 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 yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of recent analyst reports. Berenberg Bank upgraded 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 report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada dropped their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $219.67.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

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.