Honeywell International Inc. (NASDAQ:HON) Shares Sold by Smart Portfolios LLC

Smart Portfolios LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,655 shares of the conglomerate’s stock after selling 50 shares during the quarter. Smart Portfolios LLC’s holdings in Honeywell International were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Baldwin Wealth Partners LLC MA increased its stake in Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after acquiring an additional 2,611 shares during the last quarter. Coordinated Financial Services Inc. bought a new position in Honeywell International in the 4th quarter worth approximately $361,000. Costello Asset Management INC bought a new stake in Honeywell International during the fourth quarter worth approximately $3,092,000. Raymond James Financial Inc. acquired a new stake in Honeywell International during the fourth quarter valued at approximately $435,786,000. Finally, RIA Advisory Group LLC acquired a new position in shares of Honeywell International in the third quarter worth about $6,124,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 2.4 %

Shares of HON stock opened at $208.59 on Wednesday. The company has a market capitalization of $135.57 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 2.51 and a beta of 1.08. The company’s fifty day moving average price is $216.15 and its 200-day moving average price is $216.53. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON) last announced its quarterly 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%. Sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

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 given 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 is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Analysts Set New Price Targets

A number of analysts have weighed in on HON shares. UBS Group reaffirmed a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research report on Wednesday, November 13th. The Goldman Sachs Group lifted their price objective on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Royal Bank of Canada reduced their price target on 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. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company reduced their price target 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. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $249.38.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.41% of the stock is currently owned by company insiders.

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.