Honeywell International Inc. (HON) Shares Sold by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. reduced its stake in shares of Honeywell International Inc. (NYSE:HON) by 0.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 667,778 shares of the conglomerate’s stock after selling 5,805 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Honeywell International were worth $102,396,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Burt Wealth Advisors grew its holdings in shares of Honeywell International by 65.4% in the second quarter. Burt Wealth Advisors now owns 759 shares of the conglomerate’s stock valued at $101,000 after purchasing an additional 300 shares in the last quarter. Mosaic Family Wealth LLC lifted its position in Honeywell International by 11.4% in the second quarter. Mosaic Family Wealth LLC now owns 762 shares of the conglomerate’s stock worth $102,000 after buying an additional 78 shares during the last quarter. Mascoma Wealth Management LLC lifted its position in Honeywell International by 113.2% in the third quarter. Mascoma Wealth Management LLC now owns 806 shares of the conglomerate’s stock worth $114,000 after buying an additional 428 shares during the last quarter. Invictus RG bought a new stake in Honeywell International in the third quarter worth $117,000. Finally, First Personal Financial Services lifted its position in Honeywell International by 25.4% in the second quarter. First Personal Financial Services now owns 912 shares of the conglomerate’s stock worth $122,000 after buying an additional 185 shares during the last quarter. 75.73% of the stock is owned by institutional investors and hedge funds.

In other news, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $147.71, for a total transaction of $426,291.06. Following the completion of the sale, the director now directly owns 9,105 shares in the company, valued at $1,344,899.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.56% of the stock is currently owned by company insiders.

HON has been the subject of a number of analyst reports. Royal Bank of Canada downgraded Honeywell International from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $163.00 to $158.00 in a research report on Wednesday, January 3rd. They noted that the move was a valuation call. Oppenheimer raised their price target on Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. TheStreet downgraded Honeywell International from an “a+” rating to a “c+” rating in a research report on Friday, January 26th. Citigroup set a $180.00 price target on Honeywell International and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, Deutsche Bank restated a “buy” rating and issued a $171.00 price target on shares of Honeywell International in a research report on Tuesday, November 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $165.67.

Shares of Honeywell International Inc. (NYSE HON) opened at $154.03 on Tuesday. Honeywell International Inc. has a 52-week low of $122.40 and a 52-week high of $165.13. The firm has a market capitalization of $116,570.00, a price-to-earnings ratio of 35.99, a PEG ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.13 and a current ratio of 1.38.

Honeywell International (NYSE:HON) last released its earnings results on Friday, January 26th. The conglomerate reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.01. Honeywell International had a return on equity of 27.27% and a net margin of 4.08%. The business had revenue of $10.84 billion during the quarter, compared to the consensus estimate of $10.80 billion. During the same period last year, the company earned $1.74 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. equities research analysts predict that Honeywell International Inc. will post 7.97 EPS for the current year.

Honeywell International announced that its board has authorized a stock repurchase program on Friday, December 8th that allows the company to buyback $6.50 billion in shares. This buyback authorization allows the conglomerate to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.745 per share. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a $2.98 annualized dividend and a dividend yield of 1.93%. Honeywell International’s dividend payout ratio (DPR) is 69.63%.

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Honeywell International Profile

Honeywell International Inc is a technology and manufacturing company. The Company operates through four segments: Aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The Company’s Aerospace segment supplies products, software and services for aircraft and vehicles that it sells to original equipment manufacturers (OEMs) and other customers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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