Cypress Capital Group Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

Cypress Capital Group lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,720 shares of the conglomerate’s stock after selling 613 shares during the period. Cypress Capital Group’s holdings in Honeywell International were worth $614,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Howard Capital Management Group LLC lifted its position in Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after purchasing an additional 174 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Honeywell International by 5.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 29,295 shares of the conglomerate’s stock valued at $6,056,000 after purchasing an additional 1,511 shares during the last quarter. Catalyst Capital Advisors LLC lifted its position in Honeywell International by 413.2% during the third quarter. Catalyst Capital Advisors LLC now owns 3,228 shares of the conglomerate’s stock valued at $667,000 after purchasing an additional 2,599 shares during the last quarter. United Advisor Group LLC bought a new stake in Honeywell International during the third quarter valued at approximately $383,000. Finally, Marks Group Wealth Management Inc lifted its position in Honeywell International by 5.2% during the third quarter. Marks Group Wealth Management Inc now owns 44,210 shares of the conglomerate’s stock valued at $9,139,000 after purchasing an additional 2,168 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.8 %

Shares of Honeywell International stock opened at $209.62 on Thursday. 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 company’s fifty day simple moving average is $217.47 and its two-hundred day simple moving average is $216.10. The company has a market cap of $136.24 billion, a P/E ratio of 24.07, a PEG ratio of 2.51 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 issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on HON shares. Bank of America lifted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. 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 report on Friday, February 7th. JPMorgan Chase & Co. lowered 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. The Goldman Sachs Group boosted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Wednesday, December 11th. Ten research 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 company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Insider Buying and Selling

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 directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by company 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.