Mendel Money Management Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Mendel Money Management lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 26.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,026 shares of the conglomerate’s stock after selling 1,847 shares during the period. Mendel Money Management’s holdings in Honeywell International were worth $1,135,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Ausdal Financial Partners Inc. lifted its holdings in shares of Honeywell International by 82.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 2,202 shares of the conglomerate’s stock worth $497,000 after acquiring an additional 992 shares during the last quarter. Financial Engines Advisors L.L.C. bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $777,000. Florida Financial Advisors LLC lifted its position in shares of Honeywell International by 11.1% in the 4th quarter. Florida Financial Advisors LLC now owns 2,814 shares of the conglomerate’s stock worth $636,000 after purchasing an additional 282 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Honeywell International by 1.0% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,532 shares of the conglomerate’s stock valued at $5,090,000 after purchasing an additional 227 shares during the period. Finally, Baxter Bros Inc. lifted its position in Honeywell International by 3.5% during the fourth quarter. Baxter Bros Inc. now owns 32,986 shares of the conglomerate’s stock valued at $7,451,000 after buying an additional 1,114 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of HON stock opened at $212.12 on Wednesday. The stock’s 50-day moving average is $213.75 and its two-hundred day moving average is $216.85. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The firm has a market cap of $137.86 billion, a price-to-earnings ratio of 24.35, a PEG ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 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%. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.13%. Honeywell International’s payout ratio is 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on HON shares. Citigroup reduced their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Barclays lowered their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Finally, HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $249.38.

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.