Machina Capital S.A.S. Sells 3,249 Shares of Honeywell International Inc. (NASDAQ:HON)

Machina Capital S.A.S. trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 64.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,782 shares of the conglomerate’s stock after selling 3,249 shares during the period. Machina Capital S.A.S.’s holdings in Honeywell International were worth $403,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. Raymond James Financial Inc. bought a new position in shares of Honeywell International in the 4th quarter worth $435,786,000. ING Groep NV lifted its holdings in Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after acquiring an additional 1,574,376 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares during the period. Cibc World Market Inc. raised its stake in shares of Honeywell International by 320.5% in the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock valued at $193,890,000 after purchasing an additional 654,207 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Honeywell International by 10.3% in the 4th quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after purchasing an additional 631,761 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on HON shares. Morgan Stanley lifted their target price on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Citigroup dropped their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average price target of $249.38.

Honeywell International Stock Performance

NASDAQ:HON opened at $214.52 on Friday. The stock has a market cap of $139.42 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock’s 50-day moving average is $216.76 and its 200-day moving average is $216.28. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77.

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

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s payout ratio is presently 51.89%.

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.