Forbes J M & Co. LLP Decreases Position in Honeywell International Inc. $HON

Forbes J M & Co. LLP cut its stake in Honeywell International Inc. (NASDAQ:HON) by 86.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,804 shares of the conglomerate’s stock after selling 50,082 shares during the quarter. Forbes J M & Co. LLP’s holdings in Honeywell International were worth $1,522,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of HON. Holos Integrated Wealth LLC purchased a new position in Honeywell International in the 4th quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC lifted its stake in Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. JPL Wealth Management LLC purchased a new position in Honeywell International in the 3rd quarter worth approximately $31,000. Howard Hughes Medical Institute purchased a new position in Honeywell International in the 2nd quarter worth approximately $33,000. Finally, Cedar Mountain Advisors LLC lifted its stake in Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 84 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, 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 transaction of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 18,190 shares of company stock valued at $4,244,287. Insiders own 0.20% of the company’s stock.

Honeywell International Stock Down 0.5%

Shares of NASDAQ HON opened at $228.21 on Tuesday. The firm has a market cap of $145.07 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 3.32 and a beta of 0.93. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18. The business’s 50 day moving average is $234.31 and its two-hundred day moving average is $213.66.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion during 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 company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.47 earnings per share. Research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

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

Analyst Upgrades and Downgrades

HON has been the topic of a number of research reports. The Goldman Sachs Group raised their target price on shares of Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Wells Fargo & Company raised their target price on shares of Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a research note on Friday, January 30th. DZ Bank decreased their target price on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Wolfe Research raised their price target on shares of Honeywell International from $293.00 to $296.00 and gave the stock an “outperform” rating in a report on Thursday, March 26th. Finally, Daiwa Securities Group raised their price target on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $251.83.

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.