Horan Capital Advisors LLC. Has $348,000 Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Horan Capital Advisors LLC. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,661 shares of the conglomerate’s stock after selling 108 shares during the quarter. Horan Capital Advisors LLC.’s holdings in Honeywell International were worth $348,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HON. Industrial Alliance Investment Management Inc. grew its position in shares of Honeywell International by 1,205.8% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after acquiring an additional 3,135 shares during the period. Jag Capital Management LLC lifted its position in shares of Honeywell International by 40.8% during the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock worth $299,000 after acquiring an additional 469 shares in the last quarter. Shulman DeMeo Asset Management LLC grew its position in shares of Honeywell International by 11.1% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after purchasing an additional 169 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its stake in shares of Honeywell International by 0.3% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock valued at $5,624,000 after purchasing an additional 89 shares during the period. Finally, Ferguson Wellman Capital Management Inc. lifted its holdings in Honeywell International by 1.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock worth $103,999,000 after purchasing an additional 8,493 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on HON. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday. Barclays increased their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Royal Bank of Canada decreased their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has an average rating of “Hold” and an average price target of $215.71.

Honeywell International Trading Up 1.1 %

HON stock traded up $2.17 on Friday, reaching $195.81. The company’s stock had a trading volume of 2,251,381 shares, compared to its average volume of 2,992,784. The firm has a market cap of $127.51 billion, a PE ratio of 22.69, a PEG ratio of 2.26 and a beta of 1.02. The business has a fifty day simple moving average of $197.66 and a two-hundred day simple moving average of $196.58. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the company earned $2.07 earnings per share. Honeywell International’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, May 16th. Honeywell International’s payout ratio is currently 50.06%.

Insider Buying and Selling

In related news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

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.