Bryn Mawr Capital Management LLC Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Bryn Mawr Capital Management LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 46.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,412 shares of the conglomerate’s stock after selling 9,072 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Honeywell International were worth $2,352,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International in the third quarter worth $25,000. Hoese & Co LLP purchased a new stake in shares of Honeywell International during the 4th quarter valued at $30,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International during the 3rd quarter worth $29,000. Financial Avengers Inc. boosted its holdings in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp grew its position in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares during the period. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on HON. Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada lowered their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average target price of $248.71.

Honeywell International Price Performance

HON stock opened at $211.35 on Friday. The firm has a 50 day moving average of $220.74 and a 200-day moving average of $215.17. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $137.36 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.