Ontario Teachers Pension Plan Board Sells 1,826,463 Shares of Honeywell International Inc. (NASDAQ:HON)

Ontario Teachers Pension Plan Board decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 57.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,371,254 shares of the conglomerate’s stock after selling 1,826,463 shares during the period. Honeywell International comprises about 3.7% of Ontario Teachers Pension Plan Board’s holdings, making the stock its 8th largest holding. Ontario Teachers Pension Plan Board owned about 0.21% of Honeywell International worth $309,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Baldwin Wealth Partners LLC MA increased its stake in shares of Honeywell International by 4.0% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock valued at $15,203,000 after buying an additional 2,611 shares during the period. World Investment Advisors grew its holdings in Honeywell International by 137.7% during the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate’s stock worth $5,057,000 after acquiring an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. acquired a new position in Honeywell International in the 4th quarter valued at approximately $361,000. Costello Asset Management INC bought a new position in shares of Honeywell International during the fourth quarter valued at $3,092,000. Finally, Schroder Investment Management Group lifted its holdings in shares of Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate’s stock worth $20,235,000 after purchasing an additional 10,092 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

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 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. The trade was a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on HON shares. Morgan Stanley increased their price objective on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Wells Fargo & Company cut their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Citigroup decreased their target price on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research report on Monday. Finally, Barclays dropped their price target on shares of 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 investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $242.15.

Honeywell International Price Performance

HON stock opened at $200.25 on Tuesday. Honeywell International Inc. has a 1 year low of $179.36 and a 1 year high of $242.77. The stock has a market capitalization of $130.15 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company’s 50-day moving average is $206.83 and its 200-day moving average is $216.43. 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 (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders 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 annualized dividend and a yield of 2.26%. Honeywell International’s payout ratio is 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.