TIAA Trust National Association Reduces Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

TIAA Trust National Association lowered its position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 9.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,587 shares of the conglomerate’s stock after selling 5,477 shares during the quarter. TIAA Trust National Association’s holdings in Honeywell International were worth $11,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC increased its holdings in shares of Honeywell International by 101,603.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock valued at $1,223,139,000 after acquiring an additional 5,701,989 shares in the last quarter. Barclays PLC grew its stake in shares of Honeywell International by 57.3% during the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after purchasing an additional 1,162,518 shares during the period. Deutsche Bank AG grew its stake in shares of Honeywell International by 80.7% during the 1st quarter. Deutsche Bank AG now owns 1,838,191 shares of the conglomerate’s stock valued at $351,315,000 after purchasing an additional 821,001 shares during the period. Van ECK Associates Corp grew its stake in shares of Honeywell International by 853.0% during the 3rd quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock valued at $163,980,000 after purchasing an additional 794,489 shares during the period. Finally, Holocene Advisors LP lifted its position in shares of Honeywell International by 215.2% during the 2nd quarter. Holocene Advisors LP now owns 1,036,117 shares of the conglomerate’s stock valued at $214,994,000 after buying an additional 707,436 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on HON shares. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 19th. Finally, Barclays boosted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $221.11.

Check Out Our Latest Stock Analysis on HON

Honeywell International Stock Performance

Shares of HON opened at $200.23 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The firm has a market cap of $130.59 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. The company’s 50 day simple moving average is $199.23 and its 200-day simple moving average is $195.42. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87.

Honeywell International (NASDAQ:HONGet Free Report) last released its earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter last year, the company earned $2.52 earnings per share. Honeywell International’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts predict that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Honeywell International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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