Castellan Group Decreases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Castellan Group lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 27.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,614 shares of the conglomerate’s stock after selling 3,638 shares during the period. Castellan Group’s holdings in Honeywell International were worth $2,172,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. PrairieView Partners LLC lifted its position in Honeywell International by 15.4% during the 4th quarter. PrairieView Partners LLC now owns 524 shares of the conglomerate’s stock worth $118,000 after acquiring an additional 70 shares in the last quarter. Hemington Wealth Management lifted its position in shares of Honeywell International by 17.2% during the fourth quarter. Hemington Wealth Management now owns 1,034 shares of the conglomerate’s stock worth $233,000 after purchasing an additional 152 shares in the last quarter. Ingalls & Snyder LLC boosted its stake in shares of Honeywell International by 4.8% in the fourth quarter. Ingalls & Snyder LLC now owns 2,174 shares of the conglomerate’s stock valued at $491,000 after purchasing an additional 100 shares during the period. Naples Global Advisors LLC grew its holdings in Honeywell International by 3.0% during the 4th quarter. Naples Global Advisors LLC now owns 6,204 shares of the conglomerate’s stock valued at $1,401,000 after purchasing an additional 183 shares in the last quarter. Finally, Avion Wealth increased its stake in Honeywell International by 506.6% during the 4th quarter. Avion Wealth now owns 370 shares of the conglomerate’s stock worth $83,000 after buying an additional 309 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Down 0.9 %

Shares of NASDAQ:HON opened at $205.01 on Thursday. The company’s fifty day moving average is $223.69 and its two-hundred day moving average is $215.18. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 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. The stock has a market capitalization of $133.31 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) 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 analysts anticipate that Honeywell International Inc. will post 10.3 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HON shares. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Robert W. Baird cut Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Citigroup lowered their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

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.