Cannell & Spears LLC Trims Position in Honeywell International Inc. (NASDAQ:HON)

Cannell & Spears LLC lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,034 shares of the conglomerate’s stock after selling 474 shares during the period. Cannell & Spears LLC’s holdings in Honeywell International were worth $23,726,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HON. Summit Financial LLC grew its holdings in Honeywell International by 15.8% in the 4th quarter. Summit Financial LLC now owns 34,347 shares of the conglomerate’s stock valued at $7,759,000 after buying an additional 4,679 shares during the period. Meeder Asset Management Inc. grew its holdings in Honeywell International by 221.3% in the fourth quarter. Meeder Asset Management Inc. now owns 347 shares of the conglomerate’s stock valued at $78,000 after purchasing an additional 239 shares during the period. St. James Investment Company LLC acquired a new position in Honeywell International during the fourth quarter worth approximately $6,687,000. D L Carlson Investment Group Inc. raised its stake in Honeywell International by 5.8% during the fourth quarter. D L Carlson Investment Group Inc. now owns 18,042 shares of the conglomerate’s stock worth $4,076,000 after purchasing an additional 991 shares during the period. Finally, Saratoga Research & Investment Management acquired a new position in shares of Honeywell International in the 4th quarter valued at $1,889,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Down 1.8 %

Shares of HON opened at $210.34 on Monday. 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 one year low of $189.75 and a one year high of $242.77. The stock has a 50-day moving average price of $213.21 and a 200 day moving average price of $217.07. The company has a market capitalization of $136.70 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results 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%. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction 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 transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Morgan Stanley increased their target price on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Barclays reduced their price objective on Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a report on Wednesday, December 11th. Citigroup decreased their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Royal Bank of Canada cut their target price on shares of 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. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $249.08.

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.