Pittenger & Anderson Inc. Cuts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Pittenger & Anderson Inc. cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 115,978 shares of the conglomerate’s stock after selling 1,496 shares during the quarter. Honeywell International accounts for 1.1% of Pittenger & Anderson Inc.’s investment portfolio, making the stock its 20th largest position. Pittenger & Anderson Inc.’s holdings in Honeywell International were worth $24,322,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HON. Morton Capital Management LLC CA boosted its position in Honeywell International by 0.9% during the third quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock worth $1,077,000 after purchasing an additional 50 shares in the last quarter. Wayfinding Financial LLC boosted its position in Honeywell International by 3.4% during the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock worth $317,000 after purchasing an additional 50 shares in the last quarter. Indiana Trust & Investment Management CO boosted its position in Honeywell International by 0.9% during the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after purchasing an additional 50 shares in the last quarter. River Street Advisors LLC boosted its position in Honeywell International by 2.0% during the fourth quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $545,000 after purchasing an additional 50 shares in the last quarter. Finally, Triton Wealth Management PLLC boosted its position in Honeywell International by 4.7% during the fourth quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after purchasing an additional 51 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total value 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.41% of the company’s stock.

Honeywell International Trading Up 0.0 %

NASDAQ:HON traded up $0.08 on Friday, hitting $193.10. 1,334,842 shares of the stock were exchanged, compared to its average volume of 2,997,072. The stock has a market cap of $125.74 billion, a PE ratio of 22.54, a PEG ratio of 2.23 and a beta of 1.02. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The stock has a fifty day moving average of $198.25 and a 200-day moving average of $196.22. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.07 earnings per share. As a group, equities analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is 51.00%.

Analyst Ratings Changes

A number of research firms have recently weighed in on HON. Barclays boosted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada cut their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $219.67.

Honeywell International Profile

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.