Honeywell International Inc. (NASDAQ:HON) Stake Cut by Schear Investment Advisers LLC

Schear Investment Advisers LLC cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,734 shares of the conglomerate’s stock after selling 53 shares during the quarter. Honeywell International accounts for about 1.4% of Schear Investment Advisers LLC’s investment portfolio, making the stock its 22nd largest holding. Schear Investment Advisers LLC’s holdings in Honeywell International were worth $1,412,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HON. Cordant Inc. bought a new position in Honeywell International during the fourth quarter worth $31,000. Rakuten Securities Inc. bought a new stake in Honeywell International in the fourth quarter valued at $31,000. True Wealth Design LLC bought a new stake in Honeywell International in the fourth quarter valued at $31,000. Financial Connections Group Inc. bought a new stake in Honeywell International in the fourth quarter valued at $37,000. Finally, TFO Wealth Partners LLC lifted its stake in Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after buying an additional 114 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related 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 value of $5,028,345.00. Following the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Honeywell International Price Performance

NASDAQ:HON traded up $2.68 during mid-day trading on Friday, reaching $193.76. 1,743,028 shares of the stock were exchanged, compared to its average volume of 2,989,442. The business has a fifty day moving average price of $198.36 and a 200 day moving average price of $195.79. The firm has a market capitalization of $126.17 billion, a PE ratio of 22.75, a PEG ratio of 2.18 and a beta of 1.02. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01.

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

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid 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 is currently 51.00%.

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.