Clifford Swan Investment Counsel LLC Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Clifford Swan Investment Counsel LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,282 shares of the conglomerate’s stock after selling 65 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Honeywell International were worth $12,488,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HON. Bailard Inc. lifted its holdings in shares of Honeywell International by 0.4% during the 4th quarter. Bailard Inc. now owns 13,598 shares of the conglomerate’s stock valued at $3,072,000 after purchasing an additional 57 shares during the last quarter. Norden Group LLC grew its stake in Honeywell International by 20.0% during the 4th quarter. Norden Group LLC now owns 3,396 shares of the conglomerate’s stock worth $767,000 after buying an additional 567 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Honeywell International by 46.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,701 shares of the conglomerate’s stock valued at $1,972,000 after buying an additional 2,755 shares in the last quarter. BlueStem Wealth Partners LLC purchased a new stake in Honeywell International in the fourth quarter valued at about $223,000. Finally, Purkiss Capital Advisors LLC acquired a new stake in Honeywell International in the fourth quarter worth about $252,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.3 %

Shares of HON stock opened at $212.89 on Friday. 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 Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The stock has a 50 day moving average of $218.57 and a 200 day moving average of $215.85. 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 (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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 expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HON. The Goldman Sachs Group upped their price objective 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. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company dropped 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 report on Friday, February 7th. Finally, Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Insider Activity at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by company insiders.

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.