Honeywell International Inc. (NASDAQ:HON) Shares Sold by Wealth Alliance

Wealth Alliance trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,385 shares of the conglomerate’s stock after selling 191 shares during the quarter. Wealth Alliance’s holdings in Honeywell International were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Cordant Inc. acquired a new position in shares of Honeywell International during the fourth quarter valued at about $31,000. True Wealth Design LLC acquired a new stake in Honeywell International in the 4th quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 4th quarter valued at $37,000. TFO Wealth Partners LLC grew its stake in Honeywell International by 105.6% during the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 114 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at about $46,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON traded down $2.46 during mid-day trading on Tuesday, reaching $191.58. 1,539,504 shares of the stock were exchanged, compared to its average volume of 3,008,792. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The business’s 50 day moving average is $198.54 and its 200-day moving average is $195.82. The company has a market capitalization of $124.75 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.24 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period in the prior year, the company posted $2.52 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Analyst Ratings Changes

A number of equities research analysts recently commented on HON shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a report on Tuesday. Wells Fargo & Company lifted their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. Royal Bank of Canada cut their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Barclays boosted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $219.67.

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.