Honeywell International Inc. (NASDAQ:HON) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 31,086 shares of the conglomerate’s stock after selling 800 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Honeywell International were worth $7,022,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International in the third quarter valued at about $25,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $30,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the third quarter valued at about $29,000. Financial Avengers Inc. grew its position in shares of 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 purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp grew its position in shares of 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 purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock opened at $202.75 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The firm’s 50-day moving average is $222.77 and its two-hundred day moving average is $215.04. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a market capitalization of $131.84 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Analysts predict that Honeywell International Inc. will post 10.3 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Analyst Ratings Changes

Several analysts have recently issued reports on HON shares. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Morgan Stanley raised their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday. The Goldman Sachs Group raised their price target on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Jefferies Financial Group raised their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Finally, Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

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.