Zacks Investment Management Has $1.35 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Zacks Investment Management lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 95.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,980 shares of the conglomerate’s stock after selling 138,282 shares during the period. Zacks Investment Management’s holdings in Honeywell International were worth $1,351,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Valmark Advisers Inc. increased its holdings in Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock valued at $1,048,000 after acquiring an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. increased its stake in shares of Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after purchasing an additional 47 shares in the last quarter. Saxony Capital Management LLC increased its stake in shares of Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock worth $277,000 after purchasing an additional 47 shares in the last quarter. Magnus Financial Group LLC raised its position in shares of Honeywell International by 0.5% during the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock worth $2,019,000 after purchasing an additional 48 shares during the last quarter. Finally, Bill Few Associates Inc. lifted its stake in Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock valued at $3,524,000 after buying an additional 49 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Up 1.7 %

Shares of HON opened at $196.60 on Friday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a market capitalization of $126.46 billion, a P/E ratio of 22.57, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock’s fifty day simple moving average is $205.92 and its 200 day simple moving average is $216.02.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS 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%. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s payout ratio is currently 51.89%.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s 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 sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HON. Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Citigroup lowered their price target on shares of Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a report on Monday, April 14th. Barclays reduced their price objective on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company lowered their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $242.15.

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.