Truist Financial Corp Sells 49,986 Shares of Honeywell International Inc. (NASDAQ:HON)

Truist Financial Corp lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 673,730 shares of the conglomerate’s stock after selling 49,986 shares during the quarter. Truist Financial Corp’s holdings in Honeywell International were worth $141,288,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in shares of Honeywell International by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after purchasing an additional 347,808 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Honeywell International by 4.3% in the 3rd quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock valued at $1,188,533,000 after purchasing an additional 263,640 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Honeywell International by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate’s stock valued at $656,812,000 after purchasing an additional 34,135 shares in the last quarter. Barclays PLC boosted its holdings in shares of Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after purchasing an additional 1,162,518 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in shares of Honeywell International by 51.3% in the 3rd 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 purchasing an additional 636,104 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Up 0.2 %

NASDAQ:HON traded up $0.43 during trading hours on Friday, hitting $193.45. 3,041,537 shares of the company were exchanged, compared to its average volume of 2,666,853. The stock has a market capitalization of $125.97 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The company has a fifty day simple moving average of $198.18 and a 200 day simple moving average of $196.27.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $2.07 EPS. Sell-side analysts expect that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HON shares. Royal Bank of Canada reduced their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Barclays raised their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and an average price target of $219.67.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International 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 transaction, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Profile

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.