Freestone Capital Holdings LLC Sells 111 Shares of Honeywell International Inc. (NASDAQ:HON)

Freestone Capital Holdings LLC trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,693 shares of the conglomerate’s stock after selling 111 shares during the period. Freestone Capital Holdings LLC’s holdings in Honeywell International were worth $6,933,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International in the 3rd quarter valued at about $25,000. Mainstream Capital Management LLC acquired a new position in Honeywell International during the fourth quarter worth $25,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the fourth quarter valued at about $30,000. Financial Avengers Inc. grew its holdings in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp grew its holdings in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Up 0.8 %

NASDAQ HON opened at $209.62 on Thursday. The stock has a market cap of $136.24 billion, a PE ratio of 24.07, a P/E/G ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The business has a 50 day moving average price of $217.47 and a two-hundred day moving average price of $216.10. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last announced its earnings results 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 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 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. Honeywell International’s payout ratio is 51.89%.

Wall Street Analysts Forecast Growth

HON has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Barclays lowered their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Citigroup lowered their price objective 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. Bank of America boosted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was 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. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate 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.