Forvis Mazars Wealth Advisors LLC Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Forvis Mazars Wealth Advisors LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,182 shares of the conglomerate’s stock after selling 102 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Honeywell International were worth $945,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Howard Capital Management Group LLC grew its stake in Honeywell International by 6.7% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after purchasing an additional 174 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Honeywell International by 1.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 18,892 shares of the conglomerate’s stock valued at $3,905,000 after buying an additional 232 shares during the period. Parcion Private Wealth LLC acquired a new position in shares of Honeywell International during the third quarter worth about $350,000. PFG Investments LLC increased its stake in shares of Honeywell International by 6.2% during the third quarter. PFG Investments LLC now owns 10,827 shares of the conglomerate’s stock worth $2,238,000 after buying an additional 636 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in Honeywell International by 4.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 598,248 shares of the conglomerate’s stock worth $122,831,000 after acquiring an additional 25,835 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on HON shares. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Morgan Stanley raised their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Wells Fargo & Company cut their target price on 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 investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

Insider Buying and Selling

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

Honeywell International Price Performance

HON stock opened at $211.94 on Monday. The business has a 50 day simple moving average of $220.43 and a 200-day simple moving average of $215.49. The company has a market capitalization of $137.74 billion, a P/E ratio of 24.33, a PEG ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. 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 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 net margin of 14.82% and a return on equity of 35.78%. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared 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 2.13%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 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.