Honeywell International Inc. (NASDAQ:HON) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 2.4% in the 4th quarter, Holdings Channel reports. The firm owned 541,778 shares of the conglomerate’s stock after selling 13,264 shares during the quarter. Victory Capital Management Inc.’s holdings in Honeywell International were worth $113,616,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cordant Inc. purchased a new position in Honeywell International during the 4th quarter valued at about $31,000. Rakuten Securities Inc. purchased a new position in Honeywell International during the 4th quarter valued at about $31,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the fourth quarter worth about $37,000. TFO Wealth Partners LLC grew its holdings in shares of Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after buying an additional 114 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after buying an additional 76 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada reduced their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $215.71.

Insider Buying and Selling

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 0.8 %

Shares of NASDAQ:HON opened at $193.64 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The company has a fifty day simple moving average of $197.76 and a 200 day simple moving average of $196.51. The firm has a market cap of $126.10 billion, a PE ratio of 22.44, a price-to-earnings-growth ratio of 2.22 and a beta of 1.02. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the previous year, the firm earned $2.07 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio is currently 50.06%.

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.