Oakworth Capital Inc. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Oakworth Capital Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 10.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,660 shares of the conglomerate’s stock after selling 429 shares during the period. Oakworth Capital Inc.’s holdings in Honeywell International were worth $768,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in HON. Ironwood Wealth Management LLC. lifted its stake in shares of Honeywell International by 2.9% in the 1st quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock valued at $700,000 after purchasing an additional 100 shares in the last quarter. Fairfield Bush & CO. lifted its position in Honeywell International by 5.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock worth $1,864,000 after acquiring an additional 492 shares in the last quarter. United Bank lifted its position in Honeywell International by 25.0% during the 1st quarter. United Bank now owns 8,404 shares of the conglomerate’s stock worth $1,635,000 after acquiring an additional 1,683 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Honeywell International by 31.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock worth $151,949,000 after acquiring an additional 187,936 shares in the last quarter. Finally, AMI Investment Management Inc. lifted its position in Honeywell International by 16.8% during the 1st quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock worth $224,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HON. Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Wells Fargo & Company boosted their price target on Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, December 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $219.67.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $0.68 during trading on Wednesday, hitting $190.04. The stock had a trading volume of 1,293,581 shares, compared to its average volume of 3,002,770. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market cap of $123.75 billion, a P/E ratio of 22.44, a PEG ratio of 2.22 and a beta of 1.02. The business has a fifty day moving average of $198.48 and a two-hundred day moving average of $195.86. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same quarter in the prior year, the firm posted $2.52 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is 51.00%.

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.