Corebridge Financial Inc. Has $43.31 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Corebridge Financial Inc. reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 191,733 shares of the conglomerate’s stock after selling 7,579 shares during the period. Corebridge Financial Inc.’s holdings in Honeywell International were worth $43,311,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International during the third quarter worth approximately $25,000. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth $25,000. Avalon Trust Co boosted its holdings in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after buying an additional 75 shares during the period. Hoese & Co LLP acquired a new position in Honeywell International in the 4th quarter valued at $30,000. Finally, Financial Avengers Inc. raised its holdings in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.4 %

NASDAQ HON opened at $210.12 on Monday. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock’s 50 day moving average is $214.02 and its two-hundred day moving average is $216.69. The company has a market capitalization of $136.56 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HON. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Morgan Stanley upped their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Jefferies Financial Group increased their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Honeywell International has a consensus rating of “Hold” and an average target price of $249.38.

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.