Honeywell International Inc. (NASDAQ:HON) Shares Sold by Gradient Investments LLC

Gradient Investments LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON – Get Rating) by 43.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,742 shares of the conglomerate’s stock after selling 13,488 shares during the quarter. Gradient Investments LLC’s holdings in Honeywell International were worth $3,802,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Moisand Fitzgerald Tamayo LLC boosted its position in Honeywell International by 51.9% in the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 164 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Align Wealth Management LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at approximately $29,000. St. James Investment Advisors LLC lifted its position in shares of Honeywell International by 39.4% during the 3rd quarter. St. James Investment Advisors LLC now owns 184 shares of the conglomerate’s stock valued at $31,000 after buying an additional 52 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new position in shares of Honeywell International during the 3rd quarter valued at approximately $33,000. Finally, American National Bank lifted its position in shares of Honeywell International by 222.2% during the 3rd quarter. American National Bank now owns 203 shares of the conglomerate’s stock valued at $34,000 after buying an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 74.30% of the company’s stock.

Honeywell International Stock Down 2.4 %

Shares of HON opened at $184.64 on Friday. Honeywell International Inc. has a 52-week low of $166.63 and a 52-week high of $220.96. The company has a market capitalization of $123.37 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.40 and a beta of 1.10. The stock has a fifty day simple moving average of $201.18 and a two-hundred day simple moving average of $199.27. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.87.

Honeywell International (NASDAQ:HON – Get Rating) last issued its earnings results on Thursday, February 2nd. The conglomerate reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.01. Honeywell International had a return on equity of 32.89% and a net margin of 14.00%. The business had revenue of $9.19 billion during the quarter, compared to the consensus estimate of $9.26 billion. During the same period last year, the company earned $2.09 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that Honeywell International Inc. will post 9.03 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were paid a dividend of $1.03 per share. This represents a $4.12 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, February 23rd. Honeywell International’s dividend payout ratio (DPR) is presently 56.67%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their target price on Honeywell International from $242.00 to $235.00 in a research report on Friday, February 3rd. Citigroup decreased their target price on Honeywell International from $248.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. UBS Group decreased their target price on Honeywell International from $193.00 to $185.00 and set a “sell” rating on the stock in a research report on Tuesday, February 28th. Morgan Stanley increased their target price on Honeywell International from $209.00 to $213.00 and gave the company an “equal weight” rating in a research report on Friday, February 3rd. Finally, The Goldman Sachs Group raised their price objective on Honeywell International to $234.00 in a report on Monday, November 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $214.88.

About Honeywell International

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.