Hartford Investment Management Co. Decreases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Hartford Investment Management Co. cut its stake in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 44,414 shares of the conglomerate’s stock after selling 1,132 shares during the period. Hartford Investment Management Co.’s holdings in Honeywell International were worth $9,314,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Cordant Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth about $31,000. True Wealth Design LLC acquired a new position in shares of Honeywell International during the fourth quarter valued at approximately $31,000. TFO Wealth Partners LLC lifted its position in shares of Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 114 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in shares of Honeywell International in the fourth quarter worth approximately $46,000. Finally, Raleigh Capital Management Inc. increased its position in shares of Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 76 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.43% of the company’s stock.

Honeywell International Trading Down 0.7 %

Shares of NASDAQ HON traded down $1.34 during midday trading on Wednesday, reaching $198.89. 921,593 shares of the stock were exchanged, compared to its average volume of 3,029,103. The stock has a market capitalization of $129.71 billion, a P/E ratio of 23.64, a PEG ratio of 2.27 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The company has a 50 day simple moving average of $199.18 and a 200 day simple moving average of $195.47. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87.

Honeywell International (NASDAQ:HONGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.52 EPS. As a group, equities analysts expect that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HON shares. Barclays raised their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday. Wells Fargo & Company boosted their price target on shares of Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 19th. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Royal Bank of Canada lowered their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and an average target price of $221.11.

Read Our Latest Research Report on HON

Honeywell International Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HONFree Report).

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

Receive News & Ratings for Honeywell International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell International and related companies with MarketBeat.com's FREE daily email newsletter.