Bank OZK Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Bank OZK lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,634 shares of the conglomerate’s stock after selling 306 shares during the period. Honeywell International accounts for 1.2% of Bank OZK’s investment portfolio, making the stock its 20th biggest position. Bank OZK’s holdings in Honeywell International were worth $2,440,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HON. Barclays PLC boosted its holdings in Honeywell International by 57.3% in 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 boosted its holdings in Honeywell International by 6,557.2% in the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after acquiring an additional 926,531 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Honeywell International by 853.0% in the third quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock valued at $163,980,000 after acquiring an additional 794,489 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Honeywell International by 51.3% in 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 acquiring an additional 636,104 shares during the last quarter. Finally, California Public Employees Retirement System boosted 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 valued at $364,831,000 after acquiring an additional 375,158 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.2 %

Shares of NASDAQ:HON traded up $0.43 during trading on Friday, hitting $193.45. The company’s stock had a trading volume of 3,041,537 shares, compared to its average volume of 2,666,853. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.93 and a current ratio of 1.66. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The stock’s 50-day moving average price is $198.18 and its two-hundred day moving average price is $196.27. The company has a market capitalization of $125.97 billion, a PE ratio of 22.42, a PEG ratio of 2.21 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping 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 business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the firm posted $2.07 earnings per share. The company’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts expect that Honeywell International Inc. will post 9.96 EPS for the current 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 paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HON. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Royal Bank of Canada reduced their price objective on 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. Barclays boosted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $219.67.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

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.