US Bancorp DE Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

US Bancorp DE decreased its position in Honeywell International Inc. (NASDAQ:HON) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 908,159 shares of the conglomerate’s stock after selling 9,201 shares during the period. US Bancorp DE’s holdings in Honeywell International were worth $205,144,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its stake in shares of Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after purchasing an additional 174 shares in the last quarter. Mutual Advisors LLC increased its stake in shares of Honeywell International by 10.8% during the third quarter. Mutual Advisors LLC now owns 7,679 shares of the conglomerate’s stock worth $1,606,000 after purchasing an additional 747 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the third quarter worth about $29,000. Oak Ridge Investments LLC purchased a new stake in shares of Honeywell International during the third quarter worth about $204,000. Finally, Principal Securities Inc. increased its stake in shares of Honeywell International by 14.1% during the third quarter. Principal Securities Inc. now owns 12,500 shares of the conglomerate’s stock worth $2,584,000 after purchasing an additional 1,541 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Citigroup cut their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their price target on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group boosted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $212.89 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a market capitalization of $138.36 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 2.51 and a beta of 1.05. The company’s 50-day moving average is $218.57 and its two-hundred day moving average is $215.72. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

About Honeywell International

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.