Honeywell International Inc. (NASDAQ:HON) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 673,730 shares of the conglomerate’s stock after selling 49,986 shares during the quarter. Truist Financial Corp owned approximately 0.10% of Honeywell International worth $141,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its position in Honeywell International by 57.3% during the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after purchasing an additional 1,162,518 shares in the last quarter. International Assets Investment Management LLC increased its position in Honeywell International by 6,557.2% during the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock worth $197,266,000 after purchasing an additional 926,531 shares in the last quarter. Van ECK Associates Corp increased its position in Honeywell International by 853.0% during the 3rd quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock worth $163,980,000 after purchasing an additional 794,489 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its position in Honeywell International by 51.3% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after purchasing an additional 636,104 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Honeywell International by 27.5% during the 4th quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock worth $364,831,000 after purchasing an additional 375,158 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HON shares. Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $219.67.

Honeywell International Stock Up 0.2 %

Shares of HON traded up $0.43 during trading on Friday, reaching $193.45. The company’s stock had a trading volume of 3,041,537 shares, compared to its average volume of 2,666,853. The company has a fifty day moving average of $198.18 and a two-hundred day moving average of $196.27. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a market cap of $125.97 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.21 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share 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 period in the previous year, the business earned $2.07 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts predict that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s payout ratio is currently 50.06%.

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.