Pallas Capital Advisors LLC Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Pallas Capital Advisors LLC decreased its position in Honeywell International Inc. (NASDAQ:HONFree Report) by 21.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,615 shares of the conglomerate’s stock after selling 443 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Honeywell International were worth $339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. True Wealth Design LLC bought a new stake in Honeywell International in the 4th quarter worth approximately $31,000. Fortis Capital Advisors LLC bought a new stake in Honeywell International in the fourth quarter valued at approximately $46,000. TFO Wealth Partners LLC lifted its position in 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 purchasing an additional 114 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in Honeywell International in the fourth quarter valued at approximately $55,000. Finally, Raleigh Capital Management Inc. lifted its position in Honeywell International by 42.0% in the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 76 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

HON opened at $200.23 on Wednesday. The stock has a market capitalization of $130.59 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. The stock’s 50 day moving average price is $199.23 and its 200-day moving average price is $195.42. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27.

Honeywell International (NASDAQ:HONGet Free Report) last issued its quarterly 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 analysts’ expectations of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.52 earnings per share. On average, equities research analysts predict that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a yield of 2.16%. Honeywell International’s payout ratio is 51.00%.

Insider Buying and Selling

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.43% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Barclays boosted 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. Wells Fargo & Company boosted their price objective on Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 19th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada reduced their target price on 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $221.11.

Check Out Our Latest Stock Analysis 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.

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

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