Honeywell International Inc. (NASDAQ:HON) Position Reduced by Columbia Asset Management

Columbia Asset Management reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,655 shares of the conglomerate’s stock after selling 1,137 shares during the quarter. Columbia Asset Management’s holdings in Honeywell International were worth $3,085,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of HON. Howard Capital Management Group LLC grew its position in Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after buying an additional 174 shares during the last quarter. United Bank boosted its stake in shares of Honeywell International by 2.8% during the 3rd quarter. United Bank now owns 8,183 shares of the conglomerate’s stock worth $1,692,000 after acquiring an additional 220 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Honeywell International by 62.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 771 shares of the conglomerate’s stock worth $159,000 after acquiring an additional 297 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Honeywell International by 1,182.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 22,296 shares of the conglomerate’s stock worth $4,609,000 after acquiring an additional 20,557 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Honeywell International by 7.6% during the third quarter. HighTower Advisors LLC now owns 470,026 shares of the conglomerate’s stock worth $97,025,000 after purchasing an additional 33,260 shares during the period. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

Shares of HON opened at $213.45 on Wednesday. The firm has a market cap of $138.73 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company’s fifty day moving average is $212.76 and its 200-day moving average is $217.19. 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 Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given 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 yield of 2.12%. Honeywell International’s payout ratio is currently 51.89%.

Analysts Set New Price Targets

HON has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $236.00 to $260.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their target price 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. Barclays cut their price target on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock 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 for the company in a research note on Friday, February 7th. Finally, Wells Fargo & Company lowered their price objective 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 analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $249.08.

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.