Signature Estate & Investment Advisors LLC Decreases Position in Honeywell International Inc. (NASDAQ:HON)

Signature Estate & Investment Advisors LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 14.2% during the fourth quarter, Holdings Channel reports. The fund owned 2,935 shares of the conglomerate’s stock after selling 487 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Honeywell International were worth $663,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Valmark Advisers Inc. increased its holdings in Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after purchasing an additional 45 shares during the period. ZWJ Investment Counsel Inc. increased its stake in shares of Honeywell International by 3.4% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after buying an additional 47 shares during the period. Saxony Capital Management LLC raised its holdings in Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC lifted its stake in Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock worth $2,019,000 after acquiring an additional 48 shares during the last quarter. Finally, Bill Few Associates Inc. grew its holdings in Honeywell International by 0.3% during the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after acquiring an additional 49 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Barclays decreased their price objective on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research report on Wednesday. Royal Bank of Canada lowered their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Wells Fargo & Company cut their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. The Goldman Sachs Group upped their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $249.08.

Honeywell International Stock Performance

NASDAQ HON opened at $213.12 on Thursday. The business’s 50-day moving average price is $213.62 and its 200 day moving average price is $216.83. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market cap of $138.51 billion, a P/E ratio of 24.47, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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%. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Honeywell International Company 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.