Scotia Capital Inc. Has $77.31 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Scotia Capital Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 368,646 shares of the conglomerate’s stock after selling 37,427 shares during the quarter. Scotia Capital Inc. owned 0.06% of Honeywell International worth $77,308,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of HON. Ameriprise Financial Inc. lifted its holdings in shares of Honeywell International by 5.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after buying an additional 347,808 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Honeywell International by 4.3% during the 3rd quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock valued at $1,188,533,000 after buying an additional 263,640 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Honeywell International by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock valued at $759,474,000 after buying an additional 66,213 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Honeywell International by 12.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,473,627 shares of the conglomerate’s stock valued at $518,740,000 after buying an additional 269,739 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in shares of Honeywell International by 51.3% during 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 buying an additional 636,104 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada reduced their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $215.71.

Honeywell International Stock Performance

NASDAQ HON traded up $1.28 during trading on Friday, hitting $202.19. The company’s stock had a trading volume of 3,163,480 shares, compared to its average volume of 2,253,667. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The firm has a 50 day moving average price of $198.50 and a 200 day moving average price of $199.09. The firm has a market cap of $131.66 billion, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 2.32 and a beta of 1.02. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.07 EPS. Equities research analysts forecast that Honeywell International Inc. will post 9.93 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.14%. The ex-dividend date is Thursday, May 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Insiders Place Their Bets

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares in the company, valued at $41,507,899.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’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 sale, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. Company 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.