Honeywell International Inc. (NASDAQ:HON) Stake Cut by FourThought Financial Partners LLC

FourThought Financial Partners LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,024 shares of the conglomerate’s stock after selling 234 shares during the quarter. FourThought Financial Partners LLC’s holdings in Honeywell International were worth $7,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Exchange Capital Management Inc. increased its holdings in Honeywell International by 7.9% in the fourth quarter. Exchange Capital Management Inc. now owns 22,822 shares of the conglomerate’s stock worth $5,155,000 after buying an additional 1,673 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 buying an additional 631,761 shares during the last quarter. Fairhaven Wealth Management LLC lifted its position in shares of Honeywell International by 1.1% in the fourth quarter. Fairhaven Wealth Management LLC now owns 13,378 shares of the conglomerate’s stock worth $3,022,000 after buying an additional 148 shares during the last quarter. Transcendent Capital Group LLC increased its holdings in shares of Honeywell International by 29.1% during the 4th quarter. Transcendent Capital Group LLC now owns 2,716 shares of the conglomerate’s stock valued at $614,000 after acquiring an additional 613 shares during the last quarter. Finally, Mengis Capital Management Inc. lifted its holdings in Honeywell International by 1.3% in the 4th quarter. Mengis Capital Management Inc. now owns 12,336 shares of the conglomerate’s stock worth $2,787,000 after purchasing an additional 160 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Down 1.0 %

HON stock opened at $209.91 on Tuesday. The business has a fifty day moving average price of $219.91 and a 200 day moving average price of $215.56. The stock has a market capitalization of $136.42 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 2.51 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77.

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, beating 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%. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. Honeywell International’s payout ratio is 51.89%.

Analyst Ratings Changes

A number of equities analysts have recently commented on HON shares. Morgan Stanley lifted their price target 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. Citigroup cut their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company cut their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. reduced their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $248.71.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.