Adell Harriman & Carpenter Inc. Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

Adell Harriman & Carpenter Inc. cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,216 shares of the conglomerate’s stock after selling 1,532 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in Honeywell International were worth $11,569,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of HON. Wellington Management Group LLP raised its stake in Honeywell International by 8.4% during the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares during the period. International Assets Investment Management LLC raised its stake in Honeywell International by 24,683.3% during the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares during the period. Cibc World Market Inc. increased its position in shares of Honeywell International by 320.5% during the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock valued at $193,890,000 after acquiring an additional 654,207 shares during the last quarter. Mizuho Securities USA LLC increased its position in shares of Honeywell International by 1,147.0% during the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock valued at $129,415,000 after acquiring an additional 575,865 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Honeywell International by 4.0% during the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock valued at $2,959,535,000 after acquiring an additional 547,998 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HON. Baird R W cut shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Royal Bank of Canada dropped their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. The Goldman Sachs Group lifted their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Stock Down 1.2 %

Shares of Honeywell International stock opened at $202.75 on Friday. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a 50 day moving average of $222.77 and a 200 day moving average of $215.04. The company has a quick ratio of 1.12, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $131.84 billion, a P/E ratio of 23.28, a P/E/G ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, research analysts forecast that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s dividend payout ratio is currently 51.89%.

Insider Buying and Selling

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were 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 in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by insiders.

Honeywell International 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.