State of Michigan Retirement System Has $39.87 Million Position in Honeywell International Inc. (NASDAQ:HON)

State of Michigan Retirement System lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 176,515 shares of the conglomerate’s stock after selling 800 shares during the period. State of Michigan Retirement System’s holdings in Honeywell International were worth $39,873,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howard Capital Management Group LLC boosted its stake in Honeywell International by 6.7% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after acquiring an additional 174 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Honeywell International by 19.0% in the third quarter. Farther Finance Advisors LLC now owns 8,025 shares of the conglomerate’s stock worth $1,659,000 after purchasing an additional 1,279 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Honeywell International by 1.3% during the third quarter. Janney Montgomery Scott LLC now owns 274,004 shares of the conglomerate’s stock worth $56,640,000 after purchasing an additional 3,645 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Honeywell International by 0.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 14,966 shares of the conglomerate’s stock valued at $3,094,000 after buying an additional 74 shares during the period. Finally, Confluence Wealth Services Inc. increased its position in shares of Honeywell International by 25.1% in the 3rd quarter. Confluence Wealth Services Inc. now owns 1,796 shares of the conglomerate’s stock valued at $371,000 after buying an additional 360 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.4 %

Honeywell International stock opened at $212.02 on Tuesday. The company has a market cap of $137.80 billion, a price-to-earnings ratio of 24.34, a P/E/G ratio of 2.51 and a beta of 1.05. The firm has a 50-day moving average of $218.27 and a 200-day moving average of $216.07. 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 one year low of $189.75 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.13%. Honeywell International’s payout ratio is 51.89%.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HON shares. The Goldman Sachs Group lifted their target price on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays cut their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, 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. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.71.

About Honeywell International

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.