Good Life Advisors LLC Sells 3,377 Shares of Honeywell International Inc. (NASDAQ:HON)

Good Life Advisors LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 57.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,549 shares of the conglomerate’s stock after selling 3,377 shares during the period. Good Life Advisors LLC’s holdings in Honeywell International were worth $576,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Howard Capital Management Group LLC lifted its holdings in Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after purchasing an additional 174 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Honeywell International by 13.6% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 20,944 shares of the conglomerate’s stock worth $4,329,000 after acquiring an additional 2,508 shares during the last quarter. Wallington Asset Management LLC grew its stake in Honeywell International by 5.2% during the third quarter. Wallington Asset Management LLC now owns 85,431 shares of the conglomerate’s stock valued at $17,659,000 after acquiring an additional 4,244 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Honeywell International by 24,683.3% in the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares in the last quarter. Finally, Great Lakes Retirement Inc. boosted its holdings in shares of Honeywell International by 4.5% during the 3rd quarter. Great Lakes Retirement Inc. now owns 42,600 shares of the conglomerate’s stock valued at $8,806,000 after purchasing an additional 1,820 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of HON stock opened at $211.35 on Friday. The stock has a 50 day moving average price of $220.74 and a 200 day moving average price of $215.17. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a market capitalization of $137.36 billion, a P/E ratio of 24.27, a P/E/G ratio of 2.47 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.14%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HON shares. Baird R W cut Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Morgan Stanley increased their target price on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Jefferies Financial Group increased their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

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.