Simmons Bank Sells 1,445 Shares of Honeywell International Inc. (NASDAQ:HON)

Simmons Bank lowered its position in Honeywell International Inc. (NASDAQ:HON) by 5.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,411 shares of the conglomerate’s stock after selling 1,445 shares during the period. Simmons Bank’s holdings in Honeywell International were worth $4,910,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its stake in Honeywell International by 5.2% in the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock worth $1,292,307,000 after purchasing an additional 347,808 shares during the last quarter. Northern Trust Corp grew its position in Honeywell International by 4.3% in the 3rd quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock valued at $1,188,533,000 after acquiring an additional 263,640 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Honeywell International by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock worth $759,474,000 after purchasing an additional 66,213 shares during the period. Barclays PLC lifted its position in shares of Honeywell International by 57.3% during the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after purchasing an additional 1,162,518 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Honeywell International by 51.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock valued at $346,365,000 after purchasing an additional 636,104 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research analyst reports. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Barclays raised their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $215.71.

Honeywell International Stock Performance

HON stock traded up $1.17 during trading on Wednesday, reaching $198.02. The company had a trading volume of 989,124 shares, compared to its average volume of 2,991,477. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a market cap of $128.95 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The firm has a 50-day simple moving average of $197.55 and a 200-day simple moving average of $196.94.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the prior year, the firm earned $2.07 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

Insider Buying and Selling at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.

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.