Holderness Investments Co. Sells 345 Shares of Honeywell International Inc. (NASDAQ:HON)

Holderness Investments Co. lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,261 shares of the conglomerate’s stock after selling 345 shares during the period. Holderness Investments Co.’s holdings in Honeywell International were worth $2,995,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. HUB Investment Partners LLC grew its holdings in Honeywell International by 8.9% during the 4th quarter. HUB Investment Partners LLC now owns 34,636 shares of the conglomerate’s stock worth $7,824,000 after acquiring an additional 2,827 shares in the last quarter. Viawealth LLC boosted its stake in shares of Honeywell International by 3.9% during the fourth quarter. Viawealth LLC now owns 7,329 shares of the conglomerate’s stock valued at $1,656,000 after purchasing an additional 277 shares in the last quarter. iA Global Asset Management Inc. increased its holdings in Honeywell International by 0.8% during the fourth quarter. iA Global Asset Management Inc. now owns 72,551 shares of the conglomerate’s stock valued at $16,389,000 after buying an additional 610 shares during the period. Wilkins Investment Counsel Inc. raised its stake in Honeywell International by 18.2% in the fourth quarter. Wilkins Investment Counsel Inc. now owns 2,430 shares of the conglomerate’s stock worth $549,000 after buying an additional 375 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its position in Honeywell International by 1.3% during the 4th quarter. Royal London Asset Management Ltd. now owns 274,796 shares of the conglomerate’s stock valued at $62,074,000 after acquiring an additional 3,595 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction 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. This represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is owned by company insiders.

Honeywell International Price Performance

Honeywell International stock opened at $208.65 on Thursday. The stock has a market capitalization of $135.61 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.51 and a beta of 1.08. The company’s fifty day moving average price is $214.37 and its 200 day moving average price is $216.56. 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 Inc. has a 1 year low of $189.75 and a 1 year high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HON. Jefferies Financial Group boosted their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Citigroup reduced their price target on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Ten equities 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $249.38.

Honeywell International Profile

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.