SteelPeak Wealth LLC Cuts Holdings in Honeywell International Inc. $HON

SteelPeak Wealth LLC trimmed its position in Honeywell International Inc. (NASDAQ:HONFree Report) by 95.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,646 shares of the conglomerate’s stock after selling 52,830 shares during the quarter. SteelPeak Wealth LLC’s holdings in Honeywell International were worth $516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nova R Wealth Inc. raised its holdings in shares of Honeywell International by 3.0% during the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock worth $335,000 after acquiring an additional 47 shares in the last quarter. Willow Creek Wealth Management Inc. grew its holdings in shares of Honeywell International by 2.2% in the third quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate’s stock valued at $490,000 after purchasing an additional 50 shares in the last quarter. VSM Wealth Advisory LLC increased its position in Honeywell International by 4.5% in the third quarter. VSM Wealth Advisory LLC now owns 1,150 shares of the conglomerate’s stock worth $242,000 after purchasing an additional 50 shares during 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 purchasing an additional 50 shares during the last quarter. Finally, Mather Group LLC. raised its stake in Honeywell International by 0.6% during the third quarter. Mather Group LLC. now owns 8,616 shares of the conglomerate’s stock valued at $1,814,000 after purchasing an additional 51 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of recent research reports. Weiss Ratings raised shares of Honeywell International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 27th. Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Monday, January 5th. Wall Street Zen raised shares of Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Barclays dropped their price target on Honeywell International from $275.00 to $255.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Finally, Mizuho decreased their price objective on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $251.83.

View Our Latest Research Report on HON

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction that occurred on 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 sale, the vice president directly owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction 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 transaction, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 18,190 shares of company stock worth $4,244,287. Company insiders own 0.20% of the company’s stock.

Key Honeywell International News

Here are the key news stories impacting Honeywell International this week:

Honeywell International Stock Performance

Shares of HON opened at $229.45 on Monday. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. The company has a market cap of $145.86 billion, a P/E ratio of 28.72, a P/E/G ratio of 3.32 and a beta of 0.93. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The company’s fifty day simple moving average is $234.17 and its 200-day simple moving average is $213.53.

Honeywell International (NASDAQ:HONGet Free Report) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 EPS. As a group, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

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

Honeywell International Company Profile

(Free Report)

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.

Further Reading

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

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