Kentucky Retirement Systems Sells 616 Shares of Honeywell International Inc. (NASDAQ:HON)

Kentucky Retirement Systems reduced its position in Honeywell International Inc. (NASDAQ:HON) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,749 shares of the conglomerate’s stock after selling 616 shares during the period. Kentucky Retirement Systems’ holdings in Honeywell International were worth $10,108,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of HON. Nicholson Wealth Management Group LLC increased its holdings in Honeywell International by 72.9% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 7,336 shares of the conglomerate’s stock worth $1,657,000 after acquiring an additional 3,093 shares during the last quarter. Mattern Capital Management LLC boosted its position in shares of Honeywell International by 2.7% during the 4th quarter. Mattern Capital Management LLC now owns 40,577 shares of the conglomerate’s stock valued at $9,166,000 after acquiring an additional 1,079 shares during the last quarter. ING Groep NV boosted its position in shares of Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after acquiring an additional 1,574,376 shares during the last quarter. Boston Financial Mangement LLC boosted its position in shares of Honeywell International by 5.6% during the 4th quarter. Boston Financial Mangement LLC now owns 6,947 shares of the conglomerate’s stock valued at $1,569,000 after acquiring an additional 368 shares during the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Honeywell International by 9.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 22,068 shares of the conglomerate’s stock valued at $4,985,000 after buying an additional 1,924 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Barclays reduced their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group lifted their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Finally, Jefferies Financial Group upped their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Ten 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Price Performance

Shares of HON opened at $211.35 on Friday. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The stock has a market cap of $137.36 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a fifty day moving average price of $220.74 and a 200 day moving average price of $215.17.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

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.