Shakespeare Wealth Management LLC Lowers Stock Position in Honeywell International Inc. (NASDAQ:HON)

Shakespeare Wealth Management LLC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,350 shares of the conglomerate’s stock after selling 72 shares during the quarter. Shakespeare Wealth Management LLC’s holdings in Honeywell International were worth $531,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Valmark Advisers Inc. grew its stake in shares of Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after purchasing an additional 45 shares during the last quarter. ZWJ Investment Counsel Inc. grew its position in shares of Honeywell International by 3.4% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after buying an additional 47 shares during the period. Saxony Capital Management LLC increased its stake in shares of Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after purchasing an additional 47 shares in the last quarter. Magnus Financial Group LLC raised its stake in Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after buying an additional 48 shares during the last quarter. Finally, Bill Few Associates Inc. grew its position in Honeywell International by 0.3% during the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock valued at $3,524,000 after purchasing an additional 49 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

NASDAQ HON opened at $190.99 on Monday. Honeywell International Inc. has a 1-year low of $188.42 and a 1-year high of $242.77. The company has a market capitalization of $124.13 billion, a P/E ratio of 21.93, a PEG ratio of 2.51 and a beta of 1.01. 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 business has a 50 day moving average price of $211.63 and a 200 day moving average price of $217.21.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (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 expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada decreased their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Wednesday, December 11th. Barclays lowered their price objective on Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group raised their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Honeywell International presently has an average rating of “Hold” and an average price target of $249.08.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the business’s 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 of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

Honeywell International 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.