AIA Group Ltd Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

AIA Group Ltd trimmed its holdings in Honeywell International Inc. (NASDAQ:HON) by 34.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,759 shares of the conglomerate’s stock after selling 1,957 shares during the quarter. AIA Group Ltd’s holdings in Honeywell International were worth $849,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HON. Saratoga Research & Investment Management purchased a new position in shares of Honeywell International in the fourth quarter worth $1,889,000. O Shaughnessy Asset Management LLC lifted its stake in Honeywell International by 2.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 118,547 shares of the conglomerate’s stock worth $26,779,000 after purchasing an additional 2,636 shares in the last quarter. Prevail Innovative Wealth Advisors LLC bought a new position in shares of Honeywell International during the 4th quarter valued at about $228,000. Clearbridge Investments LLC grew its position in shares of Honeywell International by 3.3% during the fourth quarter. Clearbridge Investments LLC now owns 1,540,988 shares of the conglomerate’s stock valued at $348,094,000 after purchasing an additional 48,816 shares in the last quarter. Finally, United Bank increased its holdings in shares of Honeywell International by 10.0% in the fourth quarter. United Bank now owns 9,004 shares of the conglomerate’s stock worth $2,034,000 after purchasing an additional 821 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on HON shares. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Jefferies Financial Group boosted their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Royal Bank of Canada lowered their price objective on shares of 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. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus price target of $249.08.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $211.75 on Tuesday. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a market capitalization of $137.62 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The stock’s fifty day moving average is $212.99 and its two-hundred day moving average is $217.12. 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 (NASDAQ:HON) last announced 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%. As a group, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

About Honeywell International

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.