New York Life Investment Management LLC Sells 1,365 Shares of Honeywell International Inc. (NASDAQ:HON)

New York Life Investment Management LLC lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,841 shares of the conglomerate’s stock after selling 1,365 shares during the period. New York Life Investment Management LLC’s holdings in Honeywell International were worth $19,679,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cordant Inc. bought a new stake in shares of Honeywell International during the 4th quarter worth about $31,000. Rakuten Securities Inc. bought a new position in shares of Honeywell International during the fourth quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new stake in Honeywell International during the 4th quarter worth approximately $37,000. TFO Wealth Partners LLC boosted its stake in Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 114 shares during the period. Finally, Raleigh Capital Management Inc. increased its position in Honeywell International by 42.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after buying an additional 76 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Up 1.3 %

Honeywell International stock traded up $2.57 during trading on Wednesday, hitting $195.30. 4,962,284 shares of the company were exchanged, compared to its average volume of 3,038,313. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $127.18 billion, a P/E ratio of 22.63, a PEG ratio of 2.23 and a beta of 1.02. The business’s 50 day moving average is $197.99 and its 200 day moving average is $196.54. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.07 earnings per share. Analysts predict that Honeywell International Inc. will post 9.95 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.21%. Honeywell International’s payout ratio is 50.06%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HON shares. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays boosted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus price target of $215.71.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated 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 completion of the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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.