Bank Pictet & Cie Asia Ltd. Sells 1,492 Shares of Honeywell International Inc. (HON)

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Bank Pictet & Cie Asia Ltd. lessened its holdings in shares of Honeywell International Inc. (NYSE:HON) by 38.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,388 shares of the conglomerate’s stock after selling 1,492 shares during the period. Bank Pictet & Cie Asia Ltd.’s holdings in Honeywell International were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of HON. Livingston Group Asset Management CO operating as Southport Capital Management grew its position in shares of Honeywell International by 1.5% in the fourth quarter. Livingston Group Asset Management CO operating as Southport Capital Management now owns 4,737 shares of the conglomerate’s stock valued at $626,000 after purchasing an additional 72 shares during the period. Cooper Haims Advisors LLC grew its position in shares of Honeywell International by 3.4% in the fourth quarter. Cooper Haims Advisors LLC now owns 2,268 shares of the conglomerate’s stock valued at $300,000 after purchasing an additional 75 shares during the period. Lourd Capital LLC grew its position in shares of Honeywell International by 3.6% in the fourth quarter. Lourd Capital LLC now owns 2,173 shares of the conglomerate’s stock valued at $287,000 after purchasing an additional 76 shares during the period. Trust Co. of Toledo NA OH grew its position in shares of Honeywell International by 0.6% in the fourth quarter. Trust Co. of Toledo NA OH now owns 13,386 shares of the conglomerate’s stock valued at $1,769,000 after purchasing an additional 76 shares during the period. Finally, Wealth Architects LLC grew its position in shares of Honeywell International by 3.4% in the fourth quarter. Wealth Architects LLC now owns 2,360 shares of the conglomerate’s stock valued at $312,000 after purchasing an additional 78 shares during the period. 74.04% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on HON shares. Cowen reiterated a “buy” rating and issued a $168.00 target price on shares of Honeywell International in a research report on Friday, October 19th. Royal Bank of Canada dropped their target price on shares of Honeywell International to $156.00 and set a “positive” rating on the stock in a research report on Monday, October 22nd. Argus reiterated a “buy” rating on shares of Honeywell International in a research report on Monday, October 22nd. Citigroup dropped their target price on shares of Honeywell International from $194.00 to $186.00 and set a “buy” rating on the stock in a research report on Monday, October 22nd. Finally, Deutsche Bank set a $169.00 target price on shares of Honeywell International and gave the company a “buy” rating in a research report on Monday, October 22nd. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $168.88.

In related news, Director Linnet F. Deily sold 4,234 shares of the business’s stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total transaction of $629,807.50. Following the transaction, the director now directly owns 11,369 shares in the company, valued at $1,691,138.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Krishna Mikkilineni sold 28,281 shares of the business’s stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $143.61, for a total transaction of $4,061,434.41. Following the transaction, the vice president now owns 91,829 shares in the company, valued at $13,187,562.69. The disclosure for this sale can be found here. Insiders have sold 45,915 shares of company stock worth $6,635,984 over the last 90 days. 1.33% of the stock is currently owned by company insiders.

HON opened at $151.48 on Thursday. The stock has a market cap of $111.98 billion, a P/E ratio of 18.91, a price-to-earnings-growth ratio of 2.09 and a beta of 1.08. Honeywell International Inc. has a twelve month low of $123.48 and a twelve month high of $167.72. The company has a current ratio of 1.29, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be given a dividend of $0.82 per share. The ex-dividend date is Thursday, February 21st. This represents a $3.28 dividend on an annualized basis and a yield of 2.17%. Honeywell International’s payout ratio is presently 40.95%.

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About Honeywell International

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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