Teacher Retirement System of Texas reduced its stake in Honeywell International Inc. (NYSE:HON) by 42.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 483,500 shares of the conglomerate’s stock after selling 350,925 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Honeywell International worth $74,150,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in HON. Janus Henderson Group PLC increased its holdings in Honeywell International by 4,986.7% in the 2nd quarter. Janus Henderson Group PLC now owns 4,395,092 shares of the conglomerate’s stock worth $585,822,000 after buying an additional 4,308,688 shares during the period. Ameriprise Financial Inc. increased its holdings in Honeywell International by 38.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 13,323,259 shares of the conglomerate’s stock worth $1,776,394,000 after buying an additional 3,728,533 shares during the period. APG Asset Management N.V. increased its holdings in Honeywell International by 69.6% in the 4th quarter. APG Asset Management N.V. now owns 3,347,506 shares of the conglomerate’s stock worth $427,526,000 after buying an additional 1,373,600 shares during the period. Vanguard Group Inc. increased its holdings in Honeywell International by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 49,713,013 shares of the conglomerate’s stock worth $6,626,247,000 after buying an additional 1,234,672 shares during the period. Finally, BlackRock Inc. increased its holdings in Honeywell International by 2.8% in the 2nd quarter. BlackRock Inc. now owns 45,038,036 shares of the conglomerate’s stock worth $6,003,117,000 after buying an additional 1,207,893 shares during the period. 75.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Honeywell International stock opened at $151.78 on Monday. Honeywell International Inc. has a one year low of $122.40 and a one year high of $165.13. The stock has a market cap of $114,138.86, a price-to-earnings ratio of 21.50, a P/E/G ratio of 2.14 and a beta of 0.98. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.72.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were paid a $0.745 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.98 dividend on an annualized basis and a yield of 1.96%. Honeywell International’s dividend payout ratio is currently 143.27%.
Honeywell International declared that its Board of Directors has authorized a share repurchase plan on Friday, December 8th that permits the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization permits the conglomerate to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
A number of equities research analysts have recently commented on the stock. Oppenheimer raised their price objective on shares of Honeywell International from $155.00 to $168.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 price objective on shares of Honeywell International in a research note on Friday, January 26th. Cowen reaffirmed a “buy” rating and set a $168.00 price objective on shares of Honeywell International in a research note on Monday, January 22nd. Zacks Investment Research cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Finally, Stifel Nicolaus dropped their price objective on shares of Honeywell International from $171.00 to $169.00 and set a “buy” rating on the stock in a research note on Thursday, December 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $165.67.
In related news, Director Jaime Chico /Fa Pardo sold 2,868 shares of Honeywell International stock in a transaction on Monday, February 26th. The shares were sold at an average price of $156.36, for a total value of $448,440.48. Following the sale, the director now owns 41,092 shares of the company’s stock, valued at approximately $6,425,145.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Linnet F. Deily sold 2,886 shares of Honeywell International stock in a transaction on Wednesday, February 14th. The shares were 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 approximately $1,344,899.55. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.
COPYRIGHT VIOLATION NOTICE: This piece was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2018/03/19/honeywell-international-inc-hon-shares-sold-by-teacher-retirement-system-of-texas.html.
About Honeywell International
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.
Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.