IHT Wealth Management LLC Has $3.07 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

IHT Wealth Management LLC decreased its position in Honeywell International Inc. (NASDAQ:HON) by 22.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,601 shares of the conglomerate’s stock after selling 3,981 shares during the period. IHT Wealth Management LLC’s holdings in Honeywell International were worth $3,072,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Valmark Advisers Inc. lifted its position in 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 period. ZWJ Investment Counsel Inc. boosted its position in shares of Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after acquiring an additional 47 shares in the last quarter. Saxony Capital Management LLC boosted its position in shares of Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC increased its stake in Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after acquiring an additional 48 shares during the period. Finally, Bill Few Associates Inc. lifted its stake in Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after purchasing an additional 49 shares during the period. Institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HON shares. Morgan Stanley upped their price objective 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. Royal Bank of Canada lowered their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Citigroup lowered their target price on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, Wells Fargo & Company decreased their price objective on shares of 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. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $242.15.

Honeywell International Trading Down 1.2 %

Shares of HON opened at $194.23 on Tuesday. The firm has a market capitalization of $124.94 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. 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 stock’s fifty day simple moving average is $205.70 and its 200-day simple moving average is $216.13.

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

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.33%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

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.