Bahl & Gaynor Inc. Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Bahl & Gaynor Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 179,677 shares of the conglomerate’s stock after selling 6,055 shares during the period. Bahl & Gaynor Inc.’s holdings in Honeywell International were worth $37,680,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC grew its holdings in Honeywell International by 47.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 273 shares of the conglomerate’s stock worth $50,000 after acquiring an additional 88 shares in the last quarter. Strategic Blueprint LLC grew its holdings in Honeywell International by 4.3% during the 3rd quarter. Strategic Blueprint LLC now owns 7,942 shares of the conglomerate’s stock worth $1,467,000 after acquiring an additional 328 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in Honeywell International by 5.2% during the 3rd quarter. Washington Trust Advisors Inc. now owns 2,274 shares of the conglomerate’s stock worth $420,000 after acquiring an additional 112 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in Honeywell International by 12.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 2,360 shares of the conglomerate’s stock worth $436,000 after acquiring an additional 252 shares in the last quarter. Finally, Koshinski Asset Management Inc. grew its holdings in Honeywell International by 2.5% during the 3rd quarter. Koshinski Asset Management Inc. now owns 5,766 shares of the conglomerate’s stock worth $1,065,000 after acquiring an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.2 %

HON stock opened at $193.45 on Friday. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The company has a market capitalization of $125.97 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The firm’s 50-day moving average is $198.18 and its two-hundred day moving average is $196.27. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the firm earned $2.07 EPS. Honeywell International’s revenue was up 2.7% on a year-over-year basis. On average, analysts forecast that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued 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 dividend yield of 2.23%. Honeywell International’s payout ratio is currently 50.06%.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HON shares. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Royal Bank of Canada decreased their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Finally, Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.