Prudent Man Advisors LLC Reduces Stake in Honeywell International Inc. (NASDAQ:HON)

Prudent Man Advisors LLC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 8.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,751 shares of the conglomerate’s stock after selling 594 shares during the period. Prudent Man Advisors LLC’s holdings in Honeywell International were worth $1,525,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. ING Groep NV boosted its holdings in shares of Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after acquiring an additional 1,376,479 shares during the last quarter. Cibc World Market Inc. increased its position in shares of Honeywell International by 320.5% during the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock worth $193,890,000 after acquiring an additional 654,207 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Honeywell International by 10.3% during the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock worth $1,527,867,000 after acquiring an additional 631,761 shares during the last quarter. Finally, Proficio Capital Partners LLC increased its position in shares of Honeywell International by 31,710.2% during the fourth quarter. Proficio Capital Partners LLC now owns 595,168 shares of the conglomerate’s stock worth $134,442,000 after acquiring an additional 593,297 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.3 %

HON opened at $212.89 on Friday. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The business has a 50-day moving average of $218.57 and a 200-day moving average of $215.72. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The company has a market capitalization of $138.36 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 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%. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio is 51.89%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HON shares. Citigroup lowered their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Jefferies Financial Group lifted their target price on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Bank of America upped their price target on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. The Goldman Sachs Group lifted their target price on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada dropped their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by 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.