Honeywell International Inc. (NASDAQ:HON) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. reduced its position in Honeywell International Inc. (NASDAQ:HON) by 0.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,937,110 shares of the conglomerate’s stock after selling 87 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.30% of Honeywell International worth $397,592,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of Honeywell International during the 4th quarter worth $27,000. Scarborough Advisors LLC acquired a new position in Honeywell International during the 4th quarter worth about $27,000. Cordant Inc. acquired a new position in Honeywell International during the 4th quarter worth about $31,000. Rakuten Securities Inc. acquired a new position in Honeywell International during the 4th quarter worth about $31,000. Finally, Richardson Capital Management LLC acquired a new stake in Honeywell International in the 1st quarter valued at about $35,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HON. UBS Group raised Honeywell International from a “sell” rating to a “neutral” rating and increased their price target for the company from $175.00 to $215.00 in a research report on Monday, June 10th. Daiwa America raised Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada cut their target price on Honeywell International from $222.00 to $218.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 4th. Barclays raised their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus target price of $224.75.

Honeywell International Price Performance

Shares of NASDAQ HON traded down $0.32 during trading on Wednesday, reaching $212.91. The company had a trading volume of 160,053 shares, compared to its average volume of 2,909,511. The stock has a market capitalization of $138.64 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. 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 twelve month low of $174.88 and a twelve month high of $218.36. The stock has a 50-day moving average price of $204.15 and a two-hundred day moving average price of $201.47.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the business earned $2.07 earnings per share. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.11 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.