Pictet Asset Management Holding SA Sells 25,409 Shares of Honeywell International Inc. (NASDAQ:HON)

Pictet Asset Management Holding SA trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 8.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,978 shares of the conglomerate’s stock after selling 25,409 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Honeywell International were worth $63,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of HON. Valmark Advisers Inc. increased its position in shares of Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock valued at $1,048,000 after acquiring an additional 45 shares during the period. ZWJ Investment Counsel Inc. raised its position in Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after purchasing an additional 47 shares during the last quarter. Saxony Capital Management LLC grew its position in shares of Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after buying an additional 47 shares during the last quarter. Magnus Financial Group LLC increased its stake in shares of Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after buying an additional 48 shares during the period. Finally, Bill Few Associates Inc. raised its holdings in shares of Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock valued at $3,524,000 after acquiring an additional 49 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HON has been the topic of a number of research analyst reports. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup reduced their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. Finally, Barclays dropped their price target on Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research report on Wednesday. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and an average price target of $249.08.

Honeywell International Stock Down 1.8 %

Shares of Honeywell International stock opened at $210.34 on Friday. The company has a 50-day simple moving average of $213.21 and a two-hundred day simple moving average of $216.98. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The stock has a market capitalization of $136.70 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating 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%. On average, analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Insider Buying and Selling at Honeywell International

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

Honeywell International 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.