Vontobel Holding Ltd. Sells 2,179 Shares of Honeywell International Inc. (NASDAQ:HON)

Vontobel Holding Ltd. trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,041 shares of the conglomerate’s stock after selling 2,179 shares during the period. Vontobel Holding Ltd.’s holdings in Honeywell International were worth $4,622,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HON. Cordant Inc. purchased a new position in Honeywell International in the 4th quarter worth approximately $31,000. True Wealth Design LLC purchased a new position in Honeywell International in the 4th quarter worth approximately $31,000. Financial Connections Group Inc. purchased a new position in Honeywell International in the 4th quarter worth approximately $37,000. TFO Wealth Partners LLC increased its stake in Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the period. Finally, Fortis Capital Advisors LLC purchased a new position in Honeywell International in the 4th quarter worth approximately $46,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.2 %

HON stock opened at $190.36 on Thursday. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The business has a fifty day moving average price of $198.41 and a 200-day moving average price of $195.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a market capitalization of $123.96 billion, a P/E ratio of 22.47, a P/E/G ratio of 2.22 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the previous year, the business earned $2.52 earnings per share. The company’s revenue was up 2.8% on a year-over-year basis. Equities analysts forecast that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HON. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday. Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada cut their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $219.67.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction 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 sale, the director now owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by company insiders.

About Honeywell International

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.