US Bancorp DE Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

US Bancorp DE cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 908,159 shares of the conglomerate’s stock after selling 9,201 shares during the quarter. US Bancorp DE owned approximately 0.14% of Honeywell International worth $205,144,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the third quarter valued at approximately $25,000. Hoese & Co LLP bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $30,000. Reston Wealth Management LLC bought a new position in shares of Honeywell International during the third quarter valued at approximately $29,000. Financial Avengers Inc. boosted its stake in shares of 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 purchasing an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp boosted its stake in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Up 0.3 %

NASDAQ:HON opened at $212.89 on Friday. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The firm has a fifty day simple moving average of $218.57 and a 200-day simple moving average of $215.72. 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 company has a market capitalization of $138.36 billion, a P/E ratio of 24.44, a PEG ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Buying and Selling

In related 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 transaction of $6,004,902.65. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Barclays dropped their price objective on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Finally, Citigroup lowered their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $248.71.

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.