Evergreen Private Wealth LLC Sells 172 Shares of Honeywell International Inc. (NASDAQ:HON)

Evergreen Private Wealth LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 46.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196 shares of the conglomerate’s stock after selling 172 shares during the quarter. Evergreen Private Wealth LLC’s holdings in Honeywell International were worth $44,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Baldwin Wealth Partners LLC MA grew its stake in Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock valued at $15,203,000 after purchasing an additional 2,611 shares during the period. Costello Asset Management INC bought a new position in Honeywell International in the 4th quarter valued at $3,092,000. RIA Advisory Group LLC bought a new position in Honeywell International in the 3rd quarter valued at $6,124,000. Copley Financial Group Inc. bought a new position in Honeywell International in the 3rd quarter valued at $454,000. Finally, Sargent Investment Group LLC grew its stake in Honeywell International by 268.6% in the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock valued at $1,227,000 after purchasing an additional 4,082 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Jefferies Financial Group upped their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Wells Fargo & Company dropped their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group upped their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, UBS Group reaffirmed a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $249.38.

Honeywell International Stock Performance

Shares of HON opened at $211.26 on Friday. The stock has a market capitalization of $137.30 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. 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 stock’s 50-day simple moving average is $217.06 and its 200 day simple moving average is $216.06. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.14%. Honeywell International’s dividend payout ratio is currently 51.89%.

Insiders Place Their Bets

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