Morningstar Investment Management LLC Cuts Position in Honeywell International Inc. (NASDAQ:HON)

Morningstar Investment Management LLC cut its position in Honeywell International Inc. (NASDAQ:HON) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,673 shares of the conglomerate’s stock after selling 108 shares during the quarter. Morningstar Investment Management LLC’s holdings in Honeywell International were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International in the third quarter worth about $25,000. Reston Wealth Management LLC acquired a new stake in Honeywell International during the 3rd quarter worth about $29,000. Hoese & Co LLP acquired a new position in Honeywell International in the 4th quarter worth approximately $30,000. Financial Avengers Inc. raised its position in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the period. Finally, Planning Capital Management Corp lifted its position in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Barclays cut their price target on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Bank of America upped their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley increased their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is owned by insiders.

Honeywell International Stock Performance

Shares of HON stock opened at $210.81 on Thursday. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The firm has a market capitalization of $137.08 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.05. 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 firm has a fifty day simple moving average of $221.07 and a two-hundred day simple moving average of $215.19.

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

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.14%. Honeywell International’s payout ratio is presently 51.89%.

Honeywell International Company 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.