Albion Financial Group UT Sells 4,170 Shares of Honeywell International Inc. $HON

Albion Financial Group UT lessened its position in Honeywell International Inc. (NASDAQ:HON) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,795 shares of the conglomerate’s stock after selling 4,170 shares during the quarter. Albion Financial Group UT’s holdings in Honeywell International were worth $11,275,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Holos Integrated Wealth LLC bought a new position in shares of Honeywell International during the 4th quarter worth about $25,000. Barnes Dennig Private Wealth Management LLC increased its holdings in shares of Honeywell International by 491.7% during 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 during the period. JPL Wealth Management LLC bought a new position in shares of Honeywell International during the 3rd quarter worth about $31,000. Howard Hughes Medical Institute bought a new position in shares of Honeywell International during the 2nd quarter worth about $33,000. Finally, Cedar Mountain Advisors LLC increased its holdings in shares of Honeywell International by 116.7% during 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 during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON opened at $228.21 on Tuesday. The firm has a market cap of $145.07 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month 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’s 50-day moving average price is $234.31 and its two-hundred day moving average price is $213.66.

Honeywell International (NASDAQ:HON) last announced 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. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the firm posted $2.47 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.19 dividend. 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 payout ratio is currently 59.57%.

Wall Street Analysts Forecast Growth

HON has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Rothschild & Co Redburn lifted their target price on shares of Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research report on Monday, February 2nd. Jefferies Financial Group lifted their target price on shares of Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Citigroup lifted their target price on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $251.83.

Insider Buying and Selling

In related news, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is currently owned by insiders.

About Honeywell International

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.