Honeywell International Inc. (NASDAQ:HON) Shares Sold by American International Group Inc.

American International Group Inc. cut its position in Honeywell International Inc. (NASDAQ:HON – Get Rating) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 211,208 shares of the conglomerate’s stock after selling 6,559 shares during the quarter. American International Group Inc.’s holdings in Honeywell International were worth $45,262,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HON. Bellwether Advisors LLC grew its stake in Honeywell International by 14.3% during the 3rd quarter. Bellwether Advisors LLC now owns 383 shares of the conglomerate’s stock worth $63,000 after buying an additional 48 shares during the last quarter. S&CO Inc. grew its stake in Honeywell International by 3.4% during the 3rd quarter. S&CO Inc. now owns 1,522 shares of the conglomerate’s stock worth $254,000 after buying an additional 50 shares during the last quarter. Vantage Financial Partners Ltd. Inc. grew its stake in Honeywell International by 0.8% during the 3rd quarter. Vantage Financial Partners Ltd. Inc. now owns 6,125 shares of the conglomerate’s stock worth $1,023,000 after buying an additional 50 shares during the last quarter. Lcnb Corp grew its position in Honeywell International by 1.0% in the 3rd quarter. Lcnb Corp now owns 5,052 shares of the conglomerate’s stock worth $844,000 after purchasing an additional 50 shares during the last quarter. Finally, Spirit of America Management Corp NY grew its position in Honeywell International by 0.6% in the 4th quarter. Spirit of America Management Corp NY now owns 8,900 shares of the conglomerate’s stock worth $1,907,000 after purchasing an additional 50 shares during the last quarter. 74.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Vimal Kapur sold 6,500 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $197.46, for a total transaction of $1,283,490.00. Following the transaction, the chief operating officer now owns 8,622 shares of the company’s stock, valued at $1,702,500.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on HON. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Honeywell International from $235.00 to $228.00 and set a “buy” rating for the company in a research report on Wednesday, April 12th. HSBC increased their price target on Honeywell International from $190.00 to $205.00 and gave the stock a “hold” rating in a research note on Tuesday, February 14th. StockNews.com initiated coverage on Honeywell International in a research note on Thursday, May 18th. They issued a “buy” rating for the company. Citigroup increased their price target on Honeywell International from $240.00 to $242.00 in a research note on Friday, April 28th. Finally, Credit Suisse Group decreased their price objective on shares of Honeywell International from $202.00 to $200.00 and set a “neutral” rating for the company in a report on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $214.56.

Honeywell International Trading Up 0.9 %

Shares of NASDAQ:HON traded up $1.82 during midday trading on Friday, reaching $194.09. The company had a trading volume of 494,830 shares, compared to its average volume of 2,866,254. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.94 and a current ratio of 1.26. Honeywell International Inc. has a 1-year low of $166.63 and a 1-year high of $220.96. The firm has a market cap of $129.20 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.29 and a beta of 1.09. The company has a fifty day simple moving average of $195.01 and a two-hundred day simple moving average of $198.25.

Honeywell International (NASDAQ:HON – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The conglomerate reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.14. The firm had revenue of $8.86 billion for the quarter, compared to analysts’ expectations of $8.51 billion. Honeywell International had a net margin of 14.53% and a return on equity of 34.01%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 EPS. Research analysts predict that Honeywell International Inc. will post 9.15 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will be issued a dividend of $1.03 per share. The ex-dividend date is Thursday, May 11th. This represents a $4.12 annualized dividend and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio is 53.51%.

Honeywell International Company Profile

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.