Capital International Investors Sells 1,036,193 Shares of Honeywell International Inc. $HON

Capital International Investors lowered its position in Honeywell International Inc. (NASDAQ:HON) by 83.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 206,870 shares of the conglomerate’s stock after selling 1,036,193 shares during the period. Capital International Investors’ holdings in Honeywell International were worth $43,482,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc boosted its stake in Honeywell International by 2.4% in the third quarter. Legal & General Group Plc now owns 3,814,512 shares of the conglomerate’s stock valued at $802,957,000 after acquiring an additional 88,723 shares in the last quarter. Sandhill Capital Partners LLC increased its position in shares of Honeywell International by 62.8% during the third quarter. Sandhill Capital Partners LLC now owns 2,290 shares of the conglomerate’s stock worth $482,000 after purchasing an additional 883 shares in the last quarter. LGT Fund Management Co Ltd. lifted its holdings in shares of Honeywell International by 34.1% during the 3rd quarter. LGT Fund Management Co Ltd. now owns 11,623 shares of the conglomerate’s stock valued at $2,443,000 after purchasing an additional 2,954 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Honeywell International by 29.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 511,822 shares of the conglomerate’s stock worth $107,730,000 after purchasing an additional 115,318 shares in the last quarter. Finally, Inceptionr LLC acquired a new stake in shares of Honeywell International in the 3rd quarter worth $1,266,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Rothschild & Co Redburn upped their target price on Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Jefferies Financial Group boosted their price target on Honeywell International from $240.00 to $245.00 and gave the stock a “hold” rating in a research note on Wednesday, March 4th. The Goldman Sachs Group upped their price objective on shares of Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Finally, Sanford C. Bernstein set a $255.00 target price on shares of Honeywell International in a research report on Friday, January 16th. Twelve 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $251.65.

Honeywell International Stock Down 2.5%

Shares of HON stock opened at $233.40 on Friday. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $248.18. The firm has a market capitalization of $148.37 billion, a PE ratio of 29.21, a P/E/G ratio of 3.47 and a beta of 0.92. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The stock’s 50-day simple moving average is $229.01 and its 200-day simple moving average is $212.31.

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

Honeywell International Announces Dividend

The firm also recently disclosed 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. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s payout ratio is presently 59.57%.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,147,917. This represents a 52.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction on 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 $7,459,440. The trade was a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 18,190 shares of company stock valued at $4,244,287. Company insiders own 0.20% of the company’s stock.

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.