Sawgrass Asset Management LLC Sells 269 Shares of Honeywell International Inc. (NASDAQ:HON)

Sawgrass Asset Management LLC decreased its position in Honeywell International Inc. (NASDAQ:HON) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,199 shares of the conglomerate’s stock after selling 269 shares during the period. Sawgrass Asset Management LLC’s holdings in Honeywell International were worth $2,349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in HON. Industrial Alliance Investment Management Inc. boosted its holdings in Honeywell International by 1,205.8% in the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after acquiring an additional 3,135 shares in the last quarter. Jag Capital Management LLC lifted its position in Honeywell International by 40.8% during the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after buying an additional 469 shares during the period. Shulman DeMeo Asset Management LLC lifted its position in Honeywell International by 11.1% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after buying an additional 169 shares during the period. Boyd Watterson Asset Management LLC OH lifted its position in Honeywell International by 0.3% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock valued at $5,624,000 after buying an additional 89 shares during the period. Finally, Ferguson Wellman Capital Management Inc. lifted its position in Honeywell International by 1.7% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after buying an additional 8,493 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on HON. 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 research report on Wednesday, March 6th. Royal Bank of Canada decreased their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Honeywell International has an average rating of “Hold” and an average target price of $215.71.

Honeywell International Stock Performance

NASDAQ:HON traded up $1.20 during mid-day trading on Wednesday, hitting $198.05. 1,788,255 shares of the company traded hands, compared to its average volume of 3,000,908. The stock’s fifty day moving average price is $197.55 and its 200-day moving average price is $196.94. The company has a quick ratio of 1.28, a current ratio of 1.66 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 firm has a market cap of $128.97 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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 firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter last year, the company earned $2.07 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

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.