Weatherly Asset Management L. P. Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Weatherly Asset Management L. P. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,604 shares of the conglomerate’s stock after selling 110 shares during the period. Weatherly Asset Management L. P.’s holdings in Honeywell International were worth $1,595,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $477,000. Element Wealth LLC purchased a new stake in shares of Honeywell International in the 4th quarter worth approximately $222,000. Trust Co of Kansas grew its stake in shares of Honeywell International by 7.6% in the 4th quarter. Trust Co of Kansas now owns 24,818 shares of the conglomerate’s stock worth $5,205,000 after buying an additional 1,756 shares during the last quarter. Community Bank & Trust Waco Texas purchased a new stake in shares of Honeywell International in the 4th quarter worth approximately $389,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of Honeywell International by 14.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,207 shares of the conglomerate’s stock worth $882,000 after buying an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction on 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 directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on HON shares. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Royal Bank of Canada cut their price target on 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 upped their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One research 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. According to MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus target price of $219.67.

Honeywell International Stock Up 0.3 %

HON traded up $0.58 during trading on Tuesday, hitting $196.16. 2,556,272 shares of the company’s stock traded hands, compared to its average volume of 3,000,230. The company’s 50 day simple moving average is $198.31 and its two-hundred day simple moving average is $196.18. 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 Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The stock has a market capitalization of $127.74 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.23 and a beta of 1.02.

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

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.20%. Honeywell International’s payout ratio is 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.