Elk River Wealth Management LLC Sells 85 Shares of Honeywell International Inc. (NASDAQ:HON)

Elk River Wealth Management LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,015 shares of the conglomerate’s stock after selling 85 shares during the quarter. Honeywell International makes up approximately 1.4% of Elk River Wealth Management LLC’s portfolio, making the stock its 21st biggest holding. Elk River Wealth Management LLC’s holdings in Honeywell International were worth $7,684,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC grew its position in Honeywell International by 3.1% during the fourth quarter. Private Advisor Group LLC now owns 88,468 shares of the conglomerate’s stock worth $19,984,000 after buying an additional 2,627 shares in the last quarter. Hudson Value Partners LLC grew its holdings in shares of Honeywell International by 24.6% during the fourth quarter. Hudson Value Partners LLC now owns 2,857 shares of the conglomerate’s stock worth $645,000 after purchasing an additional 564 shares in the last quarter. Lyell Wealth Management LP increased its position in shares of Honeywell International by 2.5% in the fourth quarter. Lyell Wealth Management LP now owns 51,169 shares of the conglomerate’s stock worth $11,559,000 after purchasing an additional 1,230 shares during the last quarter. Plan Group Financial LLC raised its stake in Honeywell International by 103.8% in the fourth quarter. Plan Group Financial LLC now owns 3,884 shares of the conglomerate’s stock valued at $877,000 after purchasing an additional 1,978 shares in the last quarter. Finally, Northcape Wealth Management LLC lifted its position in Honeywell International by 12.6% during the fourth quarter. Northcape Wealth Management LLC now owns 10,599 shares of the conglomerate’s stock valued at $2,394,000 after purchasing an additional 1,183 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HON shares. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $236.00 to $260.00 in a report on Friday, February 7th. UBS Group restated a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Barclays dropped their price target on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Bank of America raised their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group upped their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $248.71.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $210.81 on Thursday. The firm has a market cap of $137.08 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.05. The company’s fifty day simple moving average is $221.07 and its two-hundred day simple moving average is $215.19. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, February 28th. Honeywell International’s payout ratio is 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.