Financial Counselors Inc. Has $40.13 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Financial Counselors Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 177,654 shares of the conglomerate’s stock after selling 2,424 shares during the period. Financial Counselors Inc.’s holdings in Honeywell International were worth $40,130,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Florida Financial Advisors LLC grew its stake in shares of Honeywell International by 11.1% in the 4th quarter. Florida Financial Advisors LLC now owns 2,814 shares of the conglomerate’s stock valued at $636,000 after buying an additional 282 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Honeywell International by 1.0% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 22,532 shares of the conglomerate’s stock worth $5,090,000 after acquiring an additional 227 shares in the last quarter. Baxter Bros Inc. raised its holdings in shares of Honeywell International by 3.5% during the 4th quarter. Baxter Bros Inc. now owns 32,986 shares of the conglomerate’s stock valued at $7,451,000 after purchasing an additional 1,114 shares in the last quarter. PKS Advisory Services LLC acquired a new stake in shares of Honeywell International in the 4th quarter valued at $253,000. Finally, Prestige Wealth Management Group LLC boosted its holdings in Honeywell International by 16.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 3,449 shares of the conglomerate’s stock worth $779,000 after purchasing an additional 479 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HON. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Jefferies Financial Group increased their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Citigroup lowered their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Finally, Barclays cut their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $249.38.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $212.12 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The business’s fifty day moving average price is $213.75 and its two-hundred day moving average price is $216.85. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The stock has a market capitalization of $137.86 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) 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, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued 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 was Friday, February 28th. Honeywell International’s payout ratio is presently 51.89%.

Insider Activity

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

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.