Daymark Wealth Partners LLC Sells 5,853 Shares of Honeywell International Inc. $HON

Daymark Wealth Partners LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 15.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,037 shares of the conglomerate’s stock after selling 5,853 shares during the period. Daymark Wealth Partners LLC’s holdings in Honeywell International were worth $6,055,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HON. Bill Few Associates Inc. lifted its position in Honeywell International by 3.1% during the fourth quarter. Bill Few Associates Inc. now owns 17,198 shares of the conglomerate’s stock valued at $3,355,000 after purchasing an additional 510 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in Honeywell International by 1.5% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 3,351 shares of the conglomerate’s stock worth $654,000 after buying an additional 50 shares in the last quarter. Capital Asset Advisory Services LLC increased its position in Honeywell International by 7.4% in the fourth quarter. Capital Asset Advisory Services LLC now owns 16,784 shares of the conglomerate’s stock worth $3,440,000 after buying an additional 1,157 shares in the last quarter. Appleton Partners Inc. MA raised its stake in shares of Honeywell International by 642.7% in the fourth quarter. Appleton Partners Inc. MA now owns 15,321 shares of the conglomerate’s stock worth $2,989,000 after buying an additional 13,258 shares during the period. Finally, Murphy Middleton Hinkle & Parker Inc. raised its stake in shares of Honeywell International by 64.9% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 11,539 shares of the conglomerate’s stock worth $2,251,000 after buying an additional 4,541 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

HON stock opened at $221.57 on Wednesday. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $248.18. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The company has a fifty day simple moving average of $232.86 and a two-hundred day simple moving average of $212.76. The firm has a market capitalization of $140.85 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 3.23 and a beta of 0.92.

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

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International’s payout ratio is presently 59.57%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Daiwa Securities Group boosted their price objective on Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Argus raised their target price on shares of Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, Sanford C. Bernstein set a $255.00 target price on shares of Honeywell International in a report on Friday, January 16th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.65.

Insider Activity at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction that occurred on 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 $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,190 shares of company stock worth $4,244,287 over the last three months. 0.41% of the stock is currently owned by insiders.

Honeywell International 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.