Stanley Laman Group Ltd. Sells 245 Shares of Honeywell International Inc. (NASDAQ:HON)

Stanley Laman Group Ltd. cut its stake in Honeywell International Inc. (NASDAQ:HON) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,792 shares of the conglomerate’s stock after selling 245 shares during the period. Stanley Laman Group Ltd.’s holdings in Honeywell International were worth $4,780,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in HON. Barclays PLC boosted its position in Honeywell International by 57.3% during the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after acquiring an additional 1,162,518 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Honeywell International by 6,557.2% in the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after purchasing an additional 926,531 shares during the period. Van ECK Associates Corp boosted its position in shares of Honeywell International by 853.0% during the 3rd quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock valued at $163,980,000 after purchasing an additional 794,489 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its stake in 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 worth $346,365,000 after purchasing an additional 636,104 shares during the period. Finally, California Public Employees Retirement System increased its holdings in Honeywell International by 27.5% in the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock worth $364,831,000 after purchasing an additional 375,158 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.9 %

Shares of NASDAQ HON traded down $1.77 during mid-day trading on Thursday, reaching $193.02. 3,894,245 shares of the company’s stock traded hands, compared to its average volume of 3,018,661. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The stock has a market cap of $125.69 billion, a P/E ratio of 22.79, a PEG ratio of 2.25 and a beta of 1.02. 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 has a 50-day simple moving average of $198.25 and a 200 day simple moving average of $196.22.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter last year, the company earned $2.07 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Royal Bank of Canada cut their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Barclays upped their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average target price of $219.67.

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.