California State Teachers Retirement System Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

California State Teachers Retirement System trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,054,227 shares of the conglomerate’s stock after selling 31,433 shares during the quarter. California State Teachers Retirement System’s holdings in Honeywell International were worth $238,139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mainstream Capital Management LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at about $25,000. Avalon Trust Co boosted its stake in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares during the period. Hoese & Co LLP purchased a new position in shares of Honeywell International in the 4th quarter valued at about $30,000. Curio Wealth LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at about $35,000. Finally, Alexis Investment Partners LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at about $37,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HON. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Morgan Stanley raised their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Royal Bank of Canada cut their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. JPMorgan Chase & Co. cut their target price on Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays cut their target price on Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $242.15.

Insider Transactions at Honeywell International

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

Honeywell International Stock Performance

Shares of HON opened at $199.16 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock has a market cap of $128.11 billion, a P/E ratio of 22.87, a PEG ratio of 2.51 and a beta of 1.01. The company has a 50-day moving average of $205.24 and a two-hundred day moving average of $215.83. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) 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 predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.27%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

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.