Creative Financial Designs Inc. ADV Sells 3,943 Shares of Honeywell International Inc. $HON

Creative Financial Designs Inc. ADV decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 83.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 806 shares of the conglomerate’s stock after selling 3,943 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Honeywell International were worth $170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HON. Lockheed Martin Investment Management Co. bought a new position in Honeywell International during the third quarter valued at $4,147,000. First National Trust Co increased its holdings in Honeywell International by 9.4% in the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock worth $16,648,000 after acquiring an additional 6,803 shares during the last quarter. Managed Asset Portfolios LLC raised its stake in Honeywell International by 2.3% in the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate’s stock valued at $22,317,000 after acquiring an additional 2,154 shares during the period. Federated Hermes Inc. lifted its holdings in Honeywell International by 72.5% during the third quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock valued at $2,034,000 after purchasing an additional 4,061 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in Honeywell International during the second quarter worth about $1,943,000. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HON has been the topic of several research reports. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research report on Friday, January 16th. Citigroup boosted their target price on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a report on Friday, January 30th. JPMorgan Chase & Co. raised their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Royal Bank Of Canada boosted their price objective on Honeywell International from $249.00 to $268.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Finally, TD Cowen cut their target price on Honeywell International from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $250.17.

Insiders Place Their Bets

In other news, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. The trade was a 52.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 in the last ninety days. 0.41% of the stock is owned by corporate insiders.

Honeywell International Price Performance

HON stock opened at $243.85 on Wednesday. Honeywell International Inc. has a one year low of $169.21 and a one year high of $248.18. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The stock has a market cap of $155.01 billion, a PE ratio of 30.52, a P/E/G ratio of 3.59 and a beta of 0.92. The firm has a 50 day simple moving average of $223.09 and a two-hundred day simple moving average of $211.21.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter last year, the business posted $2.47 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is 59.57%.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.