Wade G W & Inc. Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Wade G W & Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,941 shares of the conglomerate’s stock after selling 244 shares during the quarter. Wade G W & Inc.’s holdings in Honeywell International were worth $25,363,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Altshuler Shaham Ltd purchased a new position in shares of Honeywell International during the fourth quarter worth about $27,000. Cordant Inc. purchased a new position in shares of Honeywell International during the fourth quarter worth about $31,000. Rakuten Securities Inc. purchased a new position in shares of Honeywell International during the fourth quarter worth about $31,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the fourth quarter worth about $37,000. Finally, TFO Wealth Partners LLC grew its holdings in shares of Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.3 %

HON stock traded down $0.59 during midday trading on Tuesday, hitting $203.21. The company had a trading volume of 2,378,442 shares, compared to its average volume of 2,989,279. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The stock’s 50 day moving average price is $197.78 and its 200 day moving average price is $197.57. The stock has a market cap of $132.33 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 2.34 and a beta of 1.02.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share 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 firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the previous year, the company posted $2.07 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio is presently 50.06%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Royal Bank of Canada cut their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays upped 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. Finally, StockNews.com raised Honeywell International from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $215.71.

Read Our Latest Research Report on Honeywell International

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

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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