Principle Wealth Partners LLC Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Principle Wealth Partners LLC reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,804 shares of the conglomerate’s stock after selling 567 shares during the quarter. Principle Wealth Partners LLC’s holdings in Honeywell International were worth $3,314,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. purchased a new position in Honeywell International during the 4th quarter worth $31,000. Cordant Inc. purchased a new position in Honeywell International during the 4th quarter worth $31,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the 4th quarter worth $37,000. TFO Wealth Partners LLC grew its stake in Honeywell International by 105.6% during 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. Finally, Wetzel Investment Advisors Inc. purchased a new position in Honeywell International during the 4th quarter worth $48,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In related 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 completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by company insiders.

Honeywell International Stock Performance

Shares of HON stock traded up $0.43 on Friday, hitting $193.45. The company had a trading volume of 3,041,537 shares, compared to its average volume of 2,666,853. The firm has a market cap of $125.97 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The company has a 50-day moving average price of $198.18 and a 200-day moving average price of $196.34. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the firm posted $2.07 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts predict that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio is presently 50.06%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HON shares. Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $219.67.

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.