Aristotle Atlantic Partners LLC Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Aristotle Atlantic Partners LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 18.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,627 shares of the conglomerate’s stock after selling 11,907 shares during the quarter. Aristotle Atlantic Partners LLC’s holdings in Honeywell International were worth $11,662,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Anchor Investment Management LLC grew its position in Honeywell International by 46.4% during the third quarter. Anchor Investment Management LLC now owns 962 shares of the conglomerate’s stock worth $199,000 after buying an additional 305 shares during the period. World Investment Advisors LLC grew its holdings in shares of Honeywell International by 15.6% in the 3rd quarter. World Investment Advisors LLC now owns 9,418 shares of the conglomerate’s stock worth $1,947,000 after acquiring an additional 1,273 shares during the period. Principal Financial Group Inc. increased its stake in Honeywell International by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock valued at $164,836,000 after purchasing an additional 28,812 shares in the last quarter. Versant Capital Management Inc raised its holdings in Honeywell International by 5.1% during the fourth quarter. Versant Capital Management Inc now owns 3,353 shares of the conglomerate’s stock worth $757,000 after purchasing an additional 162 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Honeywell International by 10.8% during the fourth quarter. GAMMA Investing LLC now owns 6,319 shares of the conglomerate’s stock worth $1,427,000 after purchasing an additional 616 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Morgan Stanley upped their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Wells Fargo & Company raised their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday. JPMorgan Chase & Co. reduced their target price on Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada raised their price target on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $241.46.

Insider Activity

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 transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 1.6 %

HON opened at $214.13 on Friday. The business has a 50-day moving average of $205.07 and a two-hundred day moving average of $215.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The stock has a market capitalization of $137.74 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Honeywell International’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business earned $2.25 EPS. On average, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.11%. Honeywell International’s dividend payout ratio (DPR) is 51.95%.

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.