Honeywell International Inc. (NASDAQ:HON) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 1.2% in the 4th quarter, Holdings Channel reports. The firm owned 128,908 shares of the conglomerate’s stock after selling 1,600 shares during the quarter. Amalgamated Bank’s holdings in Honeywell International were worth $29,119,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HON. ING Groep NV raised its holdings in shares of Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after buying an additional 1,574,376 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Cibc World Market Inc. raised its holdings in shares of Honeywell International by 320.5% during the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock valued at $193,890,000 after buying an additional 654,207 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Honeywell International by 10.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after buying an additional 631,761 shares during the last quarter. Finally, Mizuho Securities USA LLC raised its holdings in shares of Honeywell International by 1,147.0% during the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after buying an additional 575,865 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction 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 sale, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $209.91 on Tuesday. 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 firm’s 50-day simple moving average is $219.91 and its 200-day simple moving average is $215.56. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The firm has a market cap of $136.42 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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%. As a group, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Barclays dropped their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. UBS Group reissued a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a report on Wednesday, December 11th. Finally, Jefferies Financial Group lifted their price objective 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. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $248.71.

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.