WealthPlan Investment Management LLC Sells 199 Shares of Honeywell International Inc. (NASDAQ:HON)

WealthPlan Investment Management LLC lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,026 shares of the conglomerate’s stock after selling 199 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Honeywell International were worth $458,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the 3rd quarter valued at about $25,000. Reston Wealth Management LLC bought a new position in Honeywell International in the 3rd quarter valued at about $29,000. Hoese & Co LLP bought a new position in Honeywell International in the 4th quarter valued at about $30,000. Financial Avengers Inc. lifted its position in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp lifted its position in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HON shares. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Wolfe Research lowered shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Barclays decreased their price objective on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $223.00 to $217.00 in a research note on Friday, October 25th. Finally, UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

Honeywell International Trading Down 1.2 %

Shares of HON stock opened at $202.75 on Friday. The company has a 50 day moving average of $222.30 and a 200-day moving average of $215.05. The firm has a market cap of $131.84 billion, a P/E ratio of 23.28, a PEG ratio of 2.55 and a beta of 1.05. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

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.