Hamel Associates Inc. Has $5.94 Million Stock Position in Honeywell International Inc. (NASDAQ:HON)

Hamel Associates Inc. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,308 shares of the conglomerate’s stock after selling 130 shares during the quarter. Honeywell International accounts for about 1.9% of Hamel Associates Inc.’s holdings, making the stock its 24th biggest position. Hamel Associates Inc.’s holdings in Honeywell International were worth $5,943,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HON. Howard Capital Management Group LLC boosted its holdings in Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after purchasing an additional 174 shares during the last quarter. Mutual Advisors LLC boosted its holdings in Honeywell International by 10.8% during the third quarter. Mutual Advisors LLC now owns 7,679 shares of the conglomerate’s stock worth $1,606,000 after purchasing an additional 747 shares during the last quarter. Reston Wealth Management LLC bought a new stake in Honeywell International in the third quarter worth about $29,000. Oak Ridge Investments LLC bought a new stake in Honeywell International in the third quarter worth about $204,000. Finally, Principal Securities Inc. raised its position in Honeywell International by 14.1% in the third quarter. Principal Securities Inc. now owns 12,500 shares of the conglomerate’s stock worth $2,584,000 after acquiring an additional 1,541 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $212.89 on Friday. The company has a 50 day moving average of $218.57 and a 200 day moving average of $215.72. The stock has a market cap of $138.36 billion, a P/E ratio of 24.44, a P/E/G ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last issued 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%. As a group, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared 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 2.12%. Honeywell International’s dividend payout ratio is presently 51.89%.

Insiders Place Their Bets

In other Honeywell International 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 value of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at $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 available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on HON shares. Wells Fargo & Company lowered 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 report on Friday, February 7th. Royal Bank of Canada lowered their price objective on shares of 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. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. HSBC raised shares of 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. Finally, JPMorgan Chase & Co. lowered 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 report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average target price of $248.71.

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.