Intact Investment Management Inc. Sells 25,720 Shares of Honeywell International Inc. (NASDAQ:HON)

Intact Investment Management Inc. lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 63.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,600 shares of the conglomerate’s stock after selling 25,720 shares during the quarter. Intact Investment Management Inc.’s holdings in Honeywell International were worth $3,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Howard Capital Management Group LLC boosted its position 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 valued at $571,000 after acquiring an additional 174 shares in the last quarter. United Bank boosted its position in shares of Honeywell International by 2.8% in the 3rd quarter. United Bank now owns 8,183 shares of the conglomerate’s stock worth $1,692,000 after purchasing an additional 220 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Honeywell International in the 3rd quarter worth $414,000. Planning Capital Management Corp boosted its position in shares of Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares in the last quarter. Finally, Curi RMB Capital LLC boosted its position in shares of Honeywell International by 17.2% in the 3rd quarter. Curi RMB Capital LLC now owns 12,113 shares of the conglomerate’s stock worth $2,504,000 after purchasing an additional 1,777 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $209.47 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The business has a 50-day moving average price of $215.05 and a 200 day moving average price of $216.43. The firm has a market cap of $136.14 billion, a PE ratio of 24.05, a P/E/G ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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%. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. Honeywell International’s dividend payout ratio is presently 51.89%.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HON shares. Wells Fargo & Company lowered their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Citigroup lowered their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada lowered their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Morgan Stanley lifted their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Finally, The Goldman Sachs Group lifted their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $249.38.

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.