First Interstate Bank Decreases Position in Honeywell International Inc. (NASDAQ:HON)

First Interstate Bank trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,960 shares of the conglomerate’s stock after selling 826 shares during the quarter. First Interstate Bank’s holdings in Honeywell International were worth $3,766,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HON. Cordant Inc. acquired a new position in Honeywell International in the fourth quarter valued at $31,000. True Wealth Design LLC acquired a new position in Honeywell International in the fourth quarter valued at $31,000. Financial Connections Group Inc. acquired a new position in Honeywell International in the fourth quarter valued at $37,000. TFO Wealth Partners LLC increased its stake in Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 114 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new position in Honeywell International in the fourth quarter valued at $46,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on HON shares. Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday. Finally, Wells Fargo & Company boosted their price target on Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $219.67.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Down 1.7 %

HON traded down $3.32 on Tuesday, reaching $190.72. The company’s stock had a trading volume of 2,801,349 shares, compared to its average volume of 3,026,815. The stock has a market cap of $124.19 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The business’s 50 day moving average is $198.54 and its 200 day moving average is $195.82.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. Honeywell International’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.52 earnings per share. As a group, research analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

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.