AGF Management Ltd. Trims Holdings in Honeywell International Inc. (NASDAQ:HON)

AGF Management Ltd. reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 19.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 363,949 shares of the conglomerate’s stock after selling 87,839 shares during the quarter. AGF Management Ltd.’s holdings in Honeywell International were worth $82,212,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Teachers Insurance & Annuity Association of America bought a new stake in Honeywell International in the third quarter valued at $25,000. Mainstream Capital Management LLC bought a new stake in Honeywell International in the fourth quarter valued at $25,000. Hoese & Co LLP bought a new stake in Honeywell International in the fourth quarter valued at $30,000. Financial Avengers Inc. boosted its holdings in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp boosted its holdings in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $213.82 on Tuesday. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The business’s fifty day simple moving average is $216.50 and its 200-day simple moving average is $216.48. The firm has a market cap of $138.97 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) 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 analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

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

Analyst Ratings Changes

HON has been the subject of several recent research reports. Wells Fargo & Company lowered their price objective on 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. UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Barclays cut their price target on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Morgan Stanley increased their target price on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group increased their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $249.38.

Insider Buying and Selling

In other news, VP Anne T. Madden sold 28,885 shares of the firm’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 completion of the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

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.