Fiduciary Trust Co. Sells 256 Shares of Honeywell International Inc. (HON)

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Fiduciary Trust Co. trimmed its position in Honeywell International Inc. (NYSE:HON) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,711 shares of the conglomerate’s stock after selling 256 shares during the period. Fiduciary Trust Co.’s holdings in Honeywell International were worth $4,322,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Honeywell International by 0.9% in the third quarter. Vanguard Group Inc. now owns 52,084,819 shares of the conglomerate’s stock worth $8,666,914,000 after acquiring an additional 456,410 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Honeywell International by 0.9% in the third quarter. Vanguard Group Inc now owns 52,084,819 shares of the conglomerate’s stock worth $8,666,914,000 after acquiring an additional 456,410 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Honeywell International by 0.5% in the third quarter. Franklin Resources Inc. now owns 6,638,377 shares of the conglomerate’s stock worth $1,104,622,000 after acquiring an additional 32,372 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Honeywell International by 2.3% in the third quarter. Clearbridge Investments LLC now owns 6,249,508 shares of the conglomerate’s stock worth $1,039,918,000 after acquiring an additional 139,901 shares during the last quarter. Finally, FMR LLC grew its stake in shares of Honeywell International by 1.9% in the third quarter. FMR LLC now owns 5,829,234 shares of the conglomerate’s stock worth $969,984,000 after acquiring an additional 110,894 shares during the last quarter. 71.06% of the stock is currently owned by institutional investors.

HON stock opened at $148.61 on Monday. Honeywell International Inc. has a fifty-two week low of $123.48 and a fifty-two week high of $167.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.29. The stock has a market capitalization of $110.01 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 2.09 and a beta of 1.08.

Honeywell International (NYSE:HON) last posted its earnings results on Friday, February 1st. The conglomerate reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.88 by $0.03. Honeywell International had a return on equity of 33.36% and a net margin of 16.18%. The company had revenue of $9.73 billion for the quarter, compared to the consensus estimate of $9.72 billion. During the same quarter in the prior year, the company earned $1.85 earnings per share. Honeywell International’s revenue was down 10.3% on a year-over-year basis. On average, equities analysts predict that Honeywell International Inc. will post 7.95 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 22nd will be issued a $0.82 dividend. This represents a $3.28 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, February 21st. Honeywell International’s dividend payout ratio is 40.95%.

In other Honeywell International news, Director D Scott Davis sold 3,963 shares of the stock in a transaction dated Wednesday, November 14th. The stock was sold at an average price of $149.11, for a total value of $590,922.93. Following the transaction, the director now owns 25,764 shares of the company’s stock, valued at $3,841,670.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Krishna Mikkilineni sold 28,281 shares of the stock in a transaction dated Friday, November 23rd. The shares were sold at an average price of $143.61, for a total value of $4,061,434.41. Following the completion of the transaction, the vice president now directly owns 91,829 shares in the company, valued at approximately $13,187,562.69. The disclosure for this sale can be found here. In the last three months, insiders sold 49,878 shares of company stock worth $7,226,907. 1.33% of the stock is owned by corporate insiders.

A number of research firms have recently commented on HON. Cowen reissued a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a research note on Friday, October 19th. Royal Bank of Canada cut their target price on Honeywell International to $156.00 and set a “positive” rating on the stock in a research note on Monday, October 22nd. Argus reaffirmed a “buy” rating on shares of Honeywell International in a report on Monday, October 22nd. Morgan Stanley set a $170.00 price target on Honeywell International and gave the company a “buy” rating in a report on Monday, October 22nd. Finally, ValuEngine downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Five investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $168.88.

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Honeywell International Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. It operates through four segments: Aerospace; Home and Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. The Aerospace segment supplies products, software, and services for aircraft and vehicles that it sells to original equipment manufacturers and other customers in various markets, including air transport, regional, business and general aviation aircraft, airlines, aircraft operators, defense and space contractors, and automotive and truck manufacturers.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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