Honeywell International Inc. (NASDAQ:HON) Holdings Cut by Oak Grove Capital LLC

Oak Grove Capital LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,158 shares of the conglomerate’s stock after selling 599 shares during the period. Honeywell International accounts for about 0.5% of Oak Grove Capital LLC’s holdings, making the stock its 25th biggest position. Oak Grove Capital LLC’s holdings in Honeywell International were worth $3,650,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Baldwin Wealth Partners LLC MA increased its holdings in Honeywell International by 4.0% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after buying an additional 2,611 shares during the last quarter. Costello Asset Management INC bought a new stake in Honeywell International in the fourth quarter worth approximately $3,092,000. RIA Advisory Group LLC acquired a new position in shares of Honeywell International during the 3rd quarter worth $6,124,000. Copley Financial Group Inc. bought a new position in shares of Honeywell International during the 3rd quarter valued at $454,000. Finally, Sargent Investment Group LLC lifted its stake in shares of Honeywell International by 268.6% in the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock valued at $1,227,000 after purchasing an additional 4,082 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 1.9 %

HON stock opened at $208.00 on Wednesday. The business’s 50-day simple moving average is $217.85 and its 200 day simple moving average is $216.14. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market cap of $135.18 billion, a PE ratio of 23.88, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio is 51.89%.

Wall Street Analysts Forecast Growth

Several research firms have commented on HON. Citigroup lowered their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. UBS Group reissued a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Jefferies Financial Group boosted their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated 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 completion of the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by insiders.

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.