Capital International Sarl Lowers Stake in Honeywell International Inc. $HON

Capital International Sarl cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 94.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,826 shares of the conglomerate’s stock after selling 112,264 shares during the period. Capital International Sarl’s holdings in Honeywell International were worth $1,437,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Unisphere Establishment grew its holdings in Honeywell International by 8.1% in the second quarter. Unisphere Establishment now owns 4,000,000 shares of the conglomerate’s stock valued at $931,520,000 after purchasing an additional 300,000 shares during the period. Legal & General Group Plc raised its stake in shares of Honeywell International by 2.4% during the 3rd quarter. Legal & General Group Plc now owns 3,814,512 shares of the conglomerate’s stock worth $802,957,000 after buying an additional 88,723 shares during the period. Laurel Wealth Advisors LLC lifted its position in shares of Honeywell International by 23,503.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after buying an additional 3,700,786 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Honeywell International by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,253,411 shares of the conglomerate’s stock valued at $684,805,000 after acquiring an additional 174,665 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in Honeywell International by 9.9% in the 2nd quarter. Alliancebernstein L.P. now owns 2,915,387 shares of the conglomerate’s stock worth $678,935,000 after acquiring an additional 263,043 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 18,190 shares of company stock worth $4,244,287. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of Honeywell International from $259.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research report on Friday, January 16th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Argus boosted their price objective on Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $251.22.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $240.61 on Wednesday. The stock has a market capitalization of $152.95 billion, a price-to-earnings ratio of 30.11, a price-to-earnings-growth ratio of 3.44 and a beta of 0.92. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $248.18. The firm has a 50-day simple moving average of $227.36 and a 200-day simple moving average of $211.97. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.47 EPS. On average, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is currently 59.57%.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.