True North Advisors LLC Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

True North Advisors LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HONFree Report) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,068 shares of the conglomerate’s stock after selling 53 shares during the period. True North Advisors LLC’s holdings in Honeywell International were worth $643,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of HON. Marco Investment Management LLC increased its stake in shares of Honeywell International by 8.8% in the 2nd quarter. Marco Investment Management LLC now owns 41,396 shares of the conglomerate’s stock worth $8,590,000 after acquiring an additional 3,342 shares during the last quarter. Industrial Alliance Investment Management Inc. boosted its holdings in Honeywell International by 1,205.8% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after purchasing an additional 3,135 shares during the last quarter. Jag Capital Management LLC grew its stake in shares of Honeywell International by 40.8% in the 3rd 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 increased its holdings in shares of Honeywell International by 11.1% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock worth $354,000 after buying an additional 169 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its position in Honeywell International by 1.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after purchasing an additional 8,493 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of several research analyst reports. Barclays boosted their price objective on shares of Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Wells Fargo & Company lifted their target price on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, December 19th. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $220.89.

Check Out Our Latest Research Report on HON

Honeywell International Stock Performance

Shares of HON opened at $202.01 on Tuesday. The stock has a 50-day simple moving average of $199.21 and a 200-day simple moving average of $195.36. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The stock has a market capitalization of $131.75 billion, a PE ratio of 23.85, a PEG ratio of 2.31 and a beta of 1.02.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $2.52 EPS. On average, analysts predict that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Insider Buying and Selling

In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. 0.43% of the stock is owned by company insiders.

Honeywell International Company Profile

(Free Report)

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.

Further Reading

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

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