Honeywell International Inc. (NASDAQ:HON) Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lowered its position in Honeywell International Inc. (NASDAQ:HON) by 12.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,058 shares of the conglomerate’s stock after selling 3,914 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Honeywell International were worth $5,674,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in Honeywell International by 57.3% during the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after purchasing an additional 1,162,518 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Honeywell International by 6,557.2% in the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after acquiring an additional 926,531 shares in the last quarter. Van ECK Associates Corp boosted its stake in Honeywell International by 853.0% during the 3rd quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock valued at $163,980,000 after acquiring an additional 794,489 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Honeywell International by 51.3% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock valued at $346,365,000 after acquiring an additional 636,104 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Honeywell International by 27.5% during the 4th quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock worth $364,831,000 after acquiring an additional 375,158 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.5 %

Shares of HON traded down $1.03 during trading hours on Tuesday, hitting $192.74. 983,470 shares of the company were exchanged, compared to its average volume of 2,988,450. The firm’s 50 day moving average is $198.11 and its 200-day moving average is $196.47. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The company has a market cap of $125.51 billion, a PE ratio of 22.48, a PEG ratio of 2.21 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the company earned $2.07 earnings per share. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.24%. Honeywell International’s payout ratio is presently 50.06%.

Insider Buying and Selling

In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of research reports. Royal Bank of Canada decreased their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays raised their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $215.71.

Honeywell International Company 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.