Greenwich Wealth Management LLC Has $218,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Greenwich Wealth Management LLC cut its position in Honeywell International Inc. (NASDAQ:HON) by 16.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 966 shares of the conglomerate’s stock after selling 195 shares during the quarter. Greenwich Wealth Management LLC’s holdings in Honeywell International were worth $218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Honeywell International during the fourth quarter worth $435,786,000. ING Groep NV raised its holdings in shares of Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after buying an additional 1,574,376 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after buying an additional 1,376,479 shares during the last quarter. Cibc World Market Inc. grew its position in Honeywell International by 320.5% in the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock valued at $193,890,000 after acquiring an additional 654,207 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in 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 in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $209.47 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $136.14 billion, a PE ratio of 24.05, a P/E/G ratio of 2.51 and a beta of 1.08. The firm has a fifty day simple moving average of $215.05 and a 200 day simple moving average of $216.58. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.16%. Honeywell International’s payout ratio is presently 51.89%.

Insider Buying and Selling

In related 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 directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays reduced their price target on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada decreased their target price on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Morgan Stanley increased their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Finally, The Goldman Sachs Group increased their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus target price of $249.38.

Honeywell International Company Profile

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.