Honeywell International Inc. (NASDAQ:HON) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,792 shares of the conglomerate’s stock after selling 245 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Honeywell International were worth $4,780,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after purchasing an additional 1,162,518 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Honeywell International by 6,557.2% during the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock worth $197,266,000 after acquiring an additional 926,531 shares during the last quarter. Van ECK Associates Corp lifted its position in Honeywell International by 853.0% in the 3rd quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock valued at $163,980,000 after purchasing an additional 794,489 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its position 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 purchasing an additional 636,104 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Honeywell International by 27.5% in the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after purchasing an additional 375,158 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HON shares. Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Royal Bank of Canada dropped their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $219.67.

Honeywell International Stock Down 0.9 %

Shares of HON stock traded down $1.77 on Thursday, reaching $193.02. 3,894,245 shares of the company’s stock traded hands, compared to its average volume of 3,018,661. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The company has a market capitalization of $125.69 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The business’s 50 day moving average price is $198.25 and its two-hundred day moving average price is $196.22.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.07 EPS. On average, equities analysts forecast that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 2.24%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is presently 51.00%.

Insiders Place Their Bets

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.41% of the company’s stock.

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.