Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 1,193 Shares of Honeywell International Inc. (NASDAQ:HON)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lessened its position in Honeywell International Inc. (NASDAQ:HON) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,534 shares of the conglomerate’s stock after selling 1,193 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Honeywell International were worth $6,176,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HON. 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. International Assets Investment Management LLC grew its stake in Honeywell International by 6,557.2% in the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after buying an additional 926,531 shares during the last quarter. Van ECK Associates Corp grew its stake 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 buying an additional 794,489 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake 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 valued at $346,365,000 after buying an additional 636,104 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in Honeywell International by 27.5% in the 4th quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after buying an additional 375,158 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

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

Honeywell International Trading Up 0.7 %

Shares of HON stock traded up $1.32 during trading hours on Monday, hitting $195.58. 2,366,907 shares of the company’s stock traded hands, compared to its average volume of 3,005,167. The stock’s 50 day simple moving average is $198.31 and its 200 day simple moving average is $196.18. The stock has a market cap of $127.36 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same period in the prior year, the company posted $2.52 earnings per share. Honeywell International’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is 51.00%.

Insiders Place Their Bets

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate 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.