Oakworth Capital Inc. Sells 429 Shares of Honeywell International Inc. (NASDAQ:HON)

Oakworth Capital Inc. lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,660 shares of the conglomerate’s stock after selling 429 shares during the quarter. Oakworth Capital Inc.’s holdings in Honeywell International were worth $768,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. True Wealth Design LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at about $31,000. Rakuten Securities Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at about $31,000. Cordant Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at about $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at about $37,000. Finally, Fortis Capital Advisors LLC bought a new stake in Honeywell International during the fourth quarter worth about $46,000. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HON. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays upped their price objective 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. Wells Fargo & Company increased their target price on shares of Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 19th. Royal Bank of Canada dropped their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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 the stock in a transaction that occurred on 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 completion of the sale, 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 is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 0.4 %

NASDAQ HON traded down $0.68 during trading hours on Wednesday, reaching $190.04. The company’s stock had a trading volume of 1,293,581 shares, compared to its average volume of 3,002,770. The firm has a fifty day simple moving average of $198.48 and a 200-day simple moving average of $195.86. The stock has a market cap of $123.75 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.22 and a beta of 1.02. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter last year, the business earned $2.52 EPS. Equities analysts forecast that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 2.27%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is presently 51.00%.

Honeywell International 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.