Norinchukin Bank The Sells 8,555 Shares of Honeywell International Inc. (NASDAQ:HON)

Norinchukin Bank The trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 5.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 149,030 shares of the conglomerate’s stock after selling 8,555 shares during the period. Honeywell International makes up 0.7% of Norinchukin Bank The’s investment portfolio, making the stock its 25th largest holding. Norinchukin Bank The’s holdings in Honeywell International were worth $33,664,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Capital International Inc. CA increased its stake in Honeywell International by 118.7% in the fourth quarter. Capital International Inc. CA now owns 84,250 shares of the conglomerate’s stock valued at $19,031,000 after purchasing an additional 45,725 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Honeywell International by 5.5% in the 4th quarter. Capital Research Global Investors now owns 6,641,017 shares of the conglomerate’s stock valued at $1,500,141,000 after buying an additional 346,190 shares during the period. Capital World Investors bought a new stake in Honeywell International in the 4th quarter valued at about $1,594,216,000. Elevatus Welath Management raised its stake in Honeywell International by 46.1% during the 4th quarter. Elevatus Welath Management now owns 1,668 shares of the conglomerate’s stock worth $377,000 after buying an additional 526 shares during the period. Finally, Forum Financial Management LP raised its stake in Honeywell International by 40.7% during the 4th quarter. Forum Financial Management LP now owns 5,276 shares of the conglomerate’s stock worth $1,192,000 after buying an additional 1,526 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HON shares. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Morgan Stanley increased their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Barclays decreased their price target on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Finally, Royal Bank of Canada dropped their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $242.15.

Honeywell International Price Performance

NASDAQ HON opened at $196.60 on Friday. The company has a market cap of $126.46 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm’s 50-day simple moving average is $205.92 and its two-hundred day simple moving average is $216.02. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.30%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

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.