DDD Partners LLC Has $22.02 Million Stake in Honeywell International Inc. (NASDAQ:HON)

DDD Partners LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 97,466 shares of the conglomerate’s stock after selling 2,651 shares during the quarter. Honeywell International comprises about 2.7% of DDD Partners LLC’s investment portfolio, making the stock its 14th largest position. DDD Partners LLC’s holdings in Honeywell International were worth $22,017,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of HON. Creative Planning increased its position in shares of Honeywell International by 6.2% in the 3rd quarter. Creative Planning now owns 230,532 shares of the conglomerate’s stock valued at $47,653,000 after buying an additional 13,420 shares in the last quarter. Howard Capital Management Group LLC grew its stake in Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after acquiring an additional 174 shares during the period. V Square Quantitative Management LLC increased its holdings in shares of Honeywell International by 9.2% in the third quarter. V Square Quantitative Management LLC now owns 1,054 shares of the conglomerate’s stock worth $218,000 after acquiring an additional 89 shares in the last quarter. Net Worth Advisory Group acquired a new stake in shares of Honeywell International during the third quarter worth about $577,000. Finally, Accurate Wealth Management LLC lifted its holdings in shares of Honeywell International by 3.0% during the 3rd quarter. Accurate Wealth Management LLC now owns 3,863 shares of the conglomerate’s stock valued at $840,000 after purchasing an additional 114 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

HON has been the subject of a number of research reports. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. cut their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Trading Down 1.2 %

NASDAQ HON opened at $202.75 on Monday. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.12 and a debt-to-equity ratio of 1.33. The stock has a 50 day moving average of $222.30 and a 200-day moving average of $215.13. The company has a market cap of $131.84 billion, a PE ratio of 23.28, a PEG ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International’s payout ratio is 51.89%.

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.