DAVENPORT & Co LLC Sells 2,071 Shares of Honeywell International Inc. (NASDAQ:HON)

DAVENPORT & Co LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HONFree Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 415,423 shares of the conglomerate’s stock after selling 2,071 shares during the period. DAVENPORT & Co LLC’s holdings in Honeywell International were worth $87,091,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Cordant Inc. purchased a new position in shares of Honeywell International in the 4th quarter worth $31,000. True Wealth Design LLC purchased a new position in shares of Honeywell International in the 4th quarter worth $31,000. TFO Wealth Partners LLC boosted its stake in shares of Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after buying an additional 114 shares during the last quarter. Fortis Capital Advisors LLC purchased a new position in Honeywell International during the fourth quarter valued at $46,000. Finally, Raleigh Capital Management Inc. lifted its position in Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 76 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock traded down $1.78 during trading hours on Tuesday, hitting $200.23. The company’s stock had a trading volume of 2,615,131 shares, compared to its average volume of 3,063,391. The business has a 50 day moving average price of $199.23 and a two-hundred day moving average price of $195.42. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The company has a market cap of $130.59 billion, a PE ratio of 23.68, a PEG ratio of 2.31 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the previous year, the business earned $2.52 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. Analysts expect that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.16%. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The stock was 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 of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on HON. Wells Fargo & Company lifted their target price on Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 19th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays lifted their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Royal Bank of Canada lowered their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $221.11.

Check Out Our Latest Analysis on HON

Honeywell International Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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