American Century Companies Inc. Sells 42,560 Shares of Honeywell International Inc. $HON

American Century Companies Inc. cut its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 16.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,925 shares of the conglomerate’s stock after selling 42,560 shares during the quarter. American Century Companies Inc.’s holdings in Honeywell International were worth $44,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rafferty Asset Management LLC lifted its stake in Honeywell International by 4.0% during the third quarter. Rafferty Asset Management LLC now owns 115,601 shares of the conglomerate’s stock worth $24,334,000 after purchasing an additional 4,470 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Honeywell International during the 3rd quarter valued at about $27,630,000. Accredited Wealth Management LLC raised its holdings in shares of Honeywell International by 141.7% during the 3rd quarter. Accredited Wealth Management LLC now owns 365 shares of the conglomerate’s stock valued at $77,000 after buying an additional 214 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Honeywell International in the 3rd quarter worth approximately $1,142,000. Finally, TIAA Trust National Association boosted its stake in Honeywell International by 111.4% in the third quarter. TIAA Trust National Association now owns 116,420 shares of the conglomerate’s stock worth $24,506,000 after buying an additional 61,361 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Citigroup lifted their price target on shares of Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. The Goldman Sachs Group lifted their target price on shares of Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Royal Bank Of Canada upped their price target on shares of Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Rothschild & Co Redburn increased their target price on Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a report on Monday, February 2nd. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $251.22.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the sale, the vice president owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the transaction, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. The trade was a 7.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,190 shares of company stock valued at $4,244,287 over the last quarter. Company insiders own 0.20% of the company’s stock.

Honeywell International Trading Down 1.3%

HON opened at $235.29 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $248.18. The stock has a market cap of $149.57 billion, a PE ratio of 29.45, a PEG ratio of 3.45 and a beta of 0.92. The business has a 50 day moving average of $225.66 and a 200-day moving average of $211.78.

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

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.19 per share. The ex-dividend date of this dividend is 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 currently 59.57%.

About Honeywell International

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.