Bowen Hanes & Co. Inc. Lowers Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Bowen Hanes & Co. Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 72.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,605 shares of the conglomerate’s stock after selling 141,561 shares during the period. Bowen Hanes & Co. Inc.’s holdings in Honeywell International were worth $12,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HON. Howard Capital Management Group LLC grew its stake in shares of Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after buying an additional 174 shares during the last quarter. United Bank grew its stake in shares of Honeywell International by 2.8% in the third quarter. United Bank now owns 8,183 shares of the conglomerate’s stock worth $1,692,000 after purchasing an additional 220 shares during the last quarter. Assetmark Inc. grew its stake in shares of Honeywell International by 7.1% in the third quarter. Assetmark Inc. now owns 15,350 shares of the conglomerate’s stock worth $3,173,000 after purchasing an additional 1,018 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of Honeywell International by 5.3% in the third quarter. Harbour Investments Inc. now owns 11,018 shares of the conglomerate’s stock worth $2,278,000 after purchasing an additional 553 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Honeywell International in the third quarter worth about $414,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

HON stock opened at $206.35 on Thursday. The firm has a 50 day moving average price of $215.76 and a 200-day moving average price of $216.45. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The firm has a market capitalization of $134.11 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.19%. Honeywell International’s payout ratio is currently 51.89%.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HON shares. Royal Bank of Canada cut their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. UBS Group reissued a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. The Goldman Sachs Group raised their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Citigroup lowered their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $249.38.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.