Shell Asset Management Co. Has $4.16 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Shell Asset Management Co. cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,400 shares of the conglomerate’s stock after selling 934 shares during the quarter. Shell Asset Management Co.’s holdings in Honeywell International were worth $4,156,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mainstream Capital Management LLC acquired a new stake in Honeywell International in the fourth quarter worth $25,000. Avalon Trust Co lifted its stake in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Honeywell International in the fourth quarter valued at $30,000. Accredited Wealth Management LLC bought a new position in shares of Honeywell International in the fourth quarter valued at $34,000. Finally, Curio Wealth LLC bought a new position in shares of Honeywell International in the fourth quarter valued at $35,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HON shares. Morgan Stanley raised their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Bank of America raised shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price objective on the stock in a research note on Wednesday, May 7th. Finally, Citigroup dropped their price target on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $242.23.

Honeywell International Stock Performance

Shares of HON stock opened at $222.29 on Friday. The firm has a market cap of $142.86 billion, a price-to-earnings ratio of 25.52, a P/E/G ratio of 2.51 and a beta of 1.07. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The firm’s 50-day simple moving average is $205.82 and its two-hundred day simple moving average is $215.56.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 earnings per share. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, May 16th. Honeywell International’s dividend payout ratio is 51.95%.

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.