Nicholas Company Inc. Has $53.48 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Nicholas Company Inc. cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 236,745 shares of the conglomerate’s stock after selling 17,165 shares during the quarter. Nicholas Company Inc.’s holdings in Honeywell International were worth $53,478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the third quarter valued at about $25,000. Mainstream Capital Management LLC bought a new position in Honeywell International in the fourth quarter valued at about $25,000. Avalon Trust Co boosted its holdings in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Hoese & Co LLP bought a new position in Honeywell International in the fourth quarter valued at about $30,000. Finally, Financial Avengers Inc. boosted its holdings in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley raised their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $236.00 to $260.00 in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Finally, Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $249.38.

Honeywell International Price Performance

Shares of HON stock opened at $209.47 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a market cap of $136.14 billion, a P/E ratio of 24.05, a P/E/G ratio of 2.51 and a beta of 1.08. The business has a fifty day simple moving average of $215.05 and a 200 day simple moving average of $216.50.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating 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%. On average, sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.16%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

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.