Honeywell International Inc. $HON Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 24.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,203,586 shares of the conglomerate’s stock after selling 711,801 shares during the period. Alliancebernstein L.P. owned about 0.35% of Honeywell International worth $463,855,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Honeywell International by 145.7% during the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after buying an additional 2,629 shares in the last quarter. Schnieders Capital Management LLC. grew its position in Honeywell International by 18.3% during the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock worth $1,844,000 after buying an additional 1,223 shares during the period. SBI Securities Co. Ltd. grew its position in Honeywell International by 4.6% during the second quarter. SBI Securities Co. Ltd. now owns 1,332 shares of the conglomerate’s stock worth $310,000 after buying an additional 59 shares during the period. Finally, CFO4Life Group LLC purchased a new position in Honeywell International in the second quarter valued at about $224,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Up 0.5%

Shares of HON opened at $234.50 on Monday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $248.18. The stock has a market cap of $149.07 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 3.39 and a beta of 0.92. The firm has a 50 day simple moving average of $229.78 and a 200-day simple moving average of $212.27.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.Honeywell International’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.47 EPS. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is presently 59.57%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HON. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research report on Monday, January 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Argus raised their price objective on Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Daiwa Securities Group lifted their price objective on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. boosted their target price on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $251.65.

Insider Transactions at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,147,917. The trade was a 52.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.41% of the stock is currently owned by company insiders.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.