New York State Common Retirement Fund Sells 7,700 Shares of Honeywell International Inc. (NASDAQ:HON)

New York State Common Retirement Fund lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 892,700 shares of the conglomerate’s stock after selling 7,700 shares during the quarter. New York State Common Retirement Fund owned approximately 0.14% of Honeywell International worth $201,652,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the third quarter valued at $25,000. Hoese & Co LLP acquired a new stake in Honeywell International in the fourth quarter valued at $30,000. Reston Wealth Management LLC bought a new position in Honeywell International during the 3rd quarter worth $29,000. Financial Avengers Inc. lifted its holdings in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the period. Finally, Planning Capital Management Corp grew 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 valued at $34,000 after buying an additional 81 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction on 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 completion of the sale, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $208.04 on Wednesday. The business’s fifty day moving average is $221.43 and its 200 day moving average is $215.23. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market cap of $135.28 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HON. Barclays cut their price objective 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. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. The Goldman Sachs Group increased their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

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.