Hoey Investments Inc. Sells 1,200 Shares of Honeywell International Inc. (NASDAQ:HON)

Hoey Investments Inc. trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 35.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,200 shares of the conglomerate’s stock after selling 1,200 shares during the period. Hoey Investments Inc.’s holdings in Honeywell International were worth $497,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Howard Capital Management Group LLC boosted its stake in shares of Honeywell International by 6.7% in the 3rd 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 in the last quarter. United Bank boosted its position in Honeywell International by 2.8% in the third quarter. United Bank now owns 8,183 shares of the conglomerate’s stock valued at $1,692,000 after buying an additional 220 shares in the last quarter. CreativeOne Wealth LLC grew its stake in Honeywell International by 7.8% during the third quarter. CreativeOne Wealth LLC now owns 4,015 shares of the conglomerate’s stock worth $830,000 after buying an additional 292 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of Honeywell International by 13.7% during the third quarter. Public Sector Pension Investment Board now owns 28,308 shares of the conglomerate’s stock worth $5,852,000 after buying an additional 3,400 shares in the last quarter. Finally, Vinva Investment Management Ltd raised its stake in shares of Honeywell International by 29.9% in the third quarter. Vinva Investment Management Ltd now owns 3,750 shares of the conglomerate’s stock valued at $779,000 after acquiring an additional 863 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays cut their price target on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, Wells Fargo & Company decreased 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 note on Friday, February 7th. Ten research 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. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average target price of $249.08.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Performance

HON stock opened at $210.34 on Monday. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The business’s 50-day moving average price is $213.21 and its two-hundred day moving average price is $217.07. The firm has a market cap of $136.70 billion, a PE ratio of 24.15, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

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 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%. As a group, research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors 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 2.15%. Honeywell International’s payout ratio is 51.89%.

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.