DAVENPORT & Co LLC Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

DAVENPORT & Co LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 415,423 shares of the conglomerate’s stock after selling 2,071 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.06% of Honeywell International worth $87,091,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. 1776 Wealth LLC lifted its stake in shares of Honeywell International by 2.7% in the fourth quarter. 1776 Wealth LLC now owns 1,918 shares of the conglomerate’s stock valued at $411,000 after purchasing an additional 50 shares during the period. Morton Capital Management LLC CA raised its position in Honeywell International by 0.9% during the third quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock worth $1,077,000 after acquiring an additional 50 shares during the last quarter. Wayfinding Financial LLC raised its position in Honeywell International by 3.4% during the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock worth $317,000 after acquiring an additional 50 shares during the last quarter. Patten Group Inc. raised its position in Honeywell International by 0.4% during the fourth quarter. Patten Group Inc. now owns 11,705 shares of the conglomerate’s stock worth $2,455,000 after acquiring an additional 52 shares during the last quarter. Finally, Gilbert & Cook Inc. raised its position in Honeywell International by 1.9% during the second quarter. Gilbert & Cook Inc. now owns 2,885 shares of the conglomerate’s stock worth $599,000 after acquiring an additional 53 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Down 0.9 %

Shares of NASDAQ HON traded down $1.78 during trading on Tuesday, reaching $200.23. 2,615,131 shares of the stock were exchanged, compared to its average volume of 3,063,391. The business’s 50-day moving average price is $199.23 and its 200 day moving average price is $195.42. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $130.59 billion, a price-to-earnings ratio of 23.68, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02.

Honeywell International (NASDAQ:HONGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. The firm had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.52 earnings per share. As a group, equities analysts forecast that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.16%. Honeywell International’s dividend payout ratio is currently 51.00%.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on HON shares. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Royal Bank of Canada lowered their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Wells Fargo & Company lifted their price target on shares of Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 19th. Finally, Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $221.11.

Get Our Latest Stock Report on HON

Honeywell International Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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