Honeywell International Inc. (NASDAQ:HON) Stake Lowered by Buffington Mohr McNeal

Buffington Mohr McNeal reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,164 shares of the conglomerate’s stock after selling 418 shares during the period. Honeywell International accounts for 2.2% of Buffington Mohr McNeal’s investment portfolio, making the stock its 16th biggest holding. Buffington Mohr McNeal’s holdings in Honeywell International were worth $10,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of HON. Morgan Stanley lifted its stake in shares of Honeywell International by 1.6% in the 4th quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock valued at $3,275,277,000 after purchasing an additional 241,992 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Honeywell International by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after purchasing an additional 347,808 shares during the last quarter. Northern Trust Corp lifted its position in Honeywell International by 4.3% during the 3rd quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock worth $1,188,533,000 after acquiring an additional 263,640 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in Honeywell International by 101,603.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock worth $1,223,139,000 after acquiring an additional 5,701,989 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Honeywell International by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate’s stock valued at $656,812,000 after buying an additional 34,135 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on HON. Wells Fargo & Company upped their target price on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Barclays increased their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $219.67.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction 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 completion of the sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is owned by insiders.

Honeywell International Trading Down 1.4 %

HON traded down $2.64 during mid-day trading on Tuesday, hitting $191.40. The stock had a trading volume of 1,139,688 shares, compared to its average volume of 3,003,460. The stock’s fifty day simple moving average is $198.54 and its 200-day simple moving average is $195.82. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market capitalization of $124.64 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates 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 for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $2.52 earnings per share. As a group, research analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is 51.00%.

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.