Sapient Capital LLC Sells 697 Shares of Honeywell International Inc. (NASDAQ:HON)

Sapient Capital LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,180 shares of the conglomerate’s stock after selling 697 shares during the quarter. Sapient Capital LLC’s holdings in Honeywell International were worth $1,063,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in Honeywell International by 32.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,840,959 shares of the conglomerate’s stock valued at $1,644,328,000 after buying an additional 1,899,373 shares during the period. Ameriprise Financial Inc. increased its holdings in Honeywell International by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after buying an additional 347,808 shares during the period. Northern Trust Corp increased its holdings in Honeywell International by 0.3% in the 4th quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after buying an additional 17,591 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Honeywell International by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock valued at $759,474,000 after buying an additional 66,213 shares during the period. Finally, Barclays PLC increased its holdings in Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after buying an additional 1,162,518 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Honeywell International Trading Down 0.5 %

NASDAQ:HON traded down $1.04 during mid-day trading on Tuesday, hitting $192.73. 3,127,683 shares of the company’s stock were exchanged, compared to its average volume of 3,012,040. The company has a 50 day simple moving average of $197.99 and a 200-day simple moving average of $196.54. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The firm has a market capitalization of $125.50 billion, a P/E ratio of 22.33, a PEG ratio of 2.21 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.07 EPS. As a group, research analysts expect that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Dividend Announcement

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 $1.08 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.24%. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Company 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.