California Public Employees Retirement System Has $295.17 Million Position in Honeywell International Inc. $HON

California Public Employees Retirement System grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,402,214 shares of the conglomerate’s stock after acquiring an additional 162,218 shares during the quarter. California Public Employees Retirement System owned 0.22% of Honeywell International worth $295,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the last quarter. Acadian Asset Management LLC increased its position in Honeywell International by 145.7% during the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after buying an additional 2,629 shares during the last quarter. Schnieders Capital Management LLC. raised its stake in Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after buying an additional 1,223 shares during the period. SBI Securities Co. Ltd. lifted its position in shares of Honeywell International by 4.6% in the second quarter. SBI Securities Co. Ltd. now owns 1,332 shares of the conglomerate’s stock valued at $310,000 after buying an additional 59 shares during the last quarter. Finally, KBC Group NV lifted its holdings in Honeywell International by 6.3% during the 2nd quarter. KBC Group NV now owns 54,238 shares of the conglomerate’s stock valued at $12,631,000 after purchasing an additional 3,232 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Argus boosted their price target on Honeywell International from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Evercore increased their price target on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Barclays raised their price objective on Honeywell International from $259.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a report on Friday, January 16th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $251.65.

Insider Transactions at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 18,190 shares of company stock worth $4,244,287. Company insiders own 0.20% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $234.50 on Friday. The firm’s 50 day simple moving average is $229.78 and its 200 day simple moving average is $212.34. The firm has a market capitalization of $149.07 billion, a price-to-earnings ratio of 29.35, a P/E/G ratio of 3.39 and a beta of 0.92. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the business earned $2.47 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $1.19 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is 59.57%.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.