Honeywell International Inc. (NASDAQ:HON) Shares Sold by Zhang Financial LLC

Zhang Financial LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON) by 0.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,999 shares of the conglomerate’s stock after selling 62 shares during the period. Zhang Financial LLC’s holdings in Honeywell International were worth $2,516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HTLF Bank acquired a new stake in shares of Honeywell International in the fourth quarter valued at $1,166,000. Lafayette Investments Inc. grew its position in Honeywell International by 14.5% in the 4th quarter. Lafayette Investments Inc. now owns 3,940 shares of the conglomerate’s stock valued at $826,000 after acquiring an additional 500 shares in the last quarter. Echo45 Advisors LLC purchased a new stake in Honeywell International during the fourth quarter worth about $211,000. Fidelis Capital Partners LLC lifted its position in shares of Honeywell International by 29.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 8,784 shares of the conglomerate’s stock worth $1,842,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Obermeyer Wood Investment Counsel Lllp boosted its stake in shares of Honeywell International by 11.7% in the fourth quarter. Obermeyer Wood Investment Counsel Lllp now owns 1,639 shares of the conglomerate’s stock valued at $344,000 after purchasing an additional 172 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 1.4 %

Shares of NASDAQ:HON traded up $2.62 on Friday, hitting $193.70. 1,724,953 shares of the company’s stock were exchanged, compared to its average volume of 2,989,442. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a market capitalization of $126.13 billion, a PE ratio of 22.75, a P/E/G ratio of 2.18 and a beta of 1.02. The firm’s 50-day moving average is $198.36 and its 200 day moving average is $195.79.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the prior year, the company posted $2.52 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Royal Bank of Canada decreased their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Barclays upped their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average target price of $219.67.

About Honeywell International

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.