Solstein Capital LLC Sells 3,770 Shares of Honeywell International Inc. (NASDAQ:HON)

Solstein Capital LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 57.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,760 shares of the conglomerate’s stock after selling 3,770 shares during the period. Solstein Capital LLC’s holdings in Honeywell International were worth $623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smith Moore & CO. grew its position in Honeywell International by 3.1% in the 4th quarter. Smith Moore & CO. now owns 8,995 shares of the conglomerate’s stock valued at $2,032,000 after purchasing an additional 272 shares during the period. Provident Investment Management Inc. bought a new position in shares of Honeywell International in the fourth quarter valued at $494,000. Yoffe Investment Management LLC bought a new stake in shares of Honeywell International during the fourth quarter worth about $1,984,000. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Honeywell International by 4.2% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 1,671 shares of the conglomerate’s stock worth $377,000 after acquiring an additional 67 shares during the last quarter. Finally, Pitcairn Co. lifted its position in Honeywell International by 1.2% in the 4th quarter. Pitcairn Co. now owns 5,072 shares of the conglomerate’s stock valued at $1,146,000 after acquiring an additional 61 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $190.99 on Friday. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. 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 stock’s fifty day moving average price is $211.63 and its two-hundred day moving average price is $217.01. The firm has a market cap of $124.13 billion, a PE ratio of 21.93, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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 net margin of 14.82% and a return on equity of 35.78%. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.37%. Honeywell International’s dividend payout ratio is 51.89%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the vice president now owns 41,580 shares in the company, valued at $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 is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Wells Fargo & Company dropped their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Royal Bank of Canada lowered their target price on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Finally, Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $249.08.

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.