JFS Wealth Advisors LLC Reduces Position in Honeywell International Inc. (NASDAQ:HON)

JFS Wealth Advisors LLC reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,450 shares of the conglomerate’s stock after selling 83 shares during the period. JFS Wealth Advisors LLC’s holdings in Honeywell International were worth $2,135,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Monument Capital Management purchased a new stake in shares of Honeywell International during the fourth quarter valued at $210,000. J.W. Cole Advisors Inc. boosted its position in Honeywell International by 3.2% in the 4th quarter. J.W. Cole Advisors Inc. now owns 16,865 shares of the conglomerate’s stock valued at $3,809,000 after buying an additional 521 shares during the period. Valmark Advisers Inc. boosted its position in Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock valued at $1,048,000 after buying an additional 45 shares during the period. Meixler Investment Management Ltd. purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $1,218,000. Finally, Blue Zone Wealth Advisors LLC raised its stake in shares of Honeywell International by 4.0% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 21,403 shares of the conglomerate’s stock valued at $4,835,000 after acquiring an additional 830 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 1.2 %

Honeywell International stock opened at $202.75 on Monday. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The business has a fifty day moving average price of $222.30 and a 200-day moving average price of $215.13. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The stock has a market capitalization of $131.84 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.23%. Honeywell International’s payout ratio is currently 51.89%.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HON shares. Barclays dropped their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research note on Wednesday, December 11th. Bank of America upped their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

About Honeywell International

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.