Honeywell International Inc. (NASDAQ:HON) Position Reduced by Tanaka Capital Management Inc.

Tanaka Capital Management Inc. trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 28.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 867 shares of the conglomerate’s stock after selling 343 shares during the quarter. Honeywell International makes up 0.4% of Tanaka Capital Management Inc.’s portfolio, making the stock its 25th biggest position. Tanaka Capital Management Inc.’s holdings in Honeywell International were worth $196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in HON. Assenagon Asset Management S.A. lifted its position in shares of Honeywell International by 2.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,358 shares of the conglomerate’s stock worth $4,373,000 after buying an additional 466 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its position in shares of Honeywell International by 50.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 8,759 shares of the conglomerate’s stock worth $1,978,000 after buying an additional 2,930 shares during the last quarter. Merit Financial Group LLC lifted its position in shares of Honeywell International by 10.7% in the 4th quarter. Merit Financial Group LLC now owns 45,096 shares of the conglomerate’s stock worth $10,187,000 after buying an additional 4,355 shares during the last quarter. Sax Wealth Advisors LLC lifted its position in shares of Honeywell International by 74.7% in the 4th quarter. Sax Wealth Advisors LLC now owns 2,556 shares of the conglomerate’s stock worth $577,000 after buying an additional 1,093 shares during the last quarter. Finally, Albert D Mason Inc. lifted its position in shares of Honeywell International by 0.7% in the 4th quarter. Albert D Mason Inc. now owns 7,967 shares of the conglomerate’s stock worth $1,800,000 after buying an additional 55 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America upgraded shares of Honeywell International from a “neutral” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Wednesday, May 7th. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 30th. Royal Bank of Canada lifted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 30th. Morgan Stanley lifted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $245.23.

Honeywell International Stock Performance

HON stock opened at $222.88 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The stock has a market cap of $143.24 billion, a P/E ratio of 25.59, a P/E/G ratio of 2.51 and a beta of 1.07. The firm has a 50 day simple moving average of $206.11 and a 200 day simple moving average of $215.76. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.25 earnings per share. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International’s dividend payout ratio (DPR) is currently 51.95%.

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.