Honeywell International Inc. (NASDAQ:HON) Stock Holdings Trimmed by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. reduced its position in Honeywell International Inc. (NASDAQ:HON) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,745 shares of the conglomerate’s stock after selling 150 shares during the quarter. Washington Trust Advisors Inc.’s holdings in Honeywell International were worth $394,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $435,786,000. First Business Financial Services Inc. bought a new position in Honeywell International in the 4th quarter worth approximately $216,000. Cullen Frost Bankers Inc. grew its holdings in Honeywell International by 0.7% in the 4th quarter. Cullen Frost Bankers Inc. now owns 130,641 shares of the conglomerate’s stock worth $29,510,000 after buying an additional 872 shares in the last quarter. Arizona State Retirement System grew its holdings in Honeywell International by 0.7% in the 4th quarter. Arizona State Retirement System now owns 188,081 shares of the conglomerate’s stock worth $42,486,000 after buying an additional 1,380 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in Honeywell International by 40.8% in the 4th quarter. Proficio Capital Partners LLC now owns 2,635 shares of the conglomerate’s stock worth $595,000 after buying an additional 764 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HON. Wells Fargo & Company decreased their price objective 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. 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. Morgan Stanley raised their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. UBS Group reissued a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $248.71.

Honeywell International Trading Up 0.8 %

Honeywell International stock opened at $209.62 on Thursday. 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 business’s 50-day simple moving average is $217.47 and its 200-day simple moving average is $216.10. The firm has a market capitalization of $136.24 billion, a PE ratio of 24.07, a PEG ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77.

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

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors 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 yield of 2.16%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International 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 sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

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.