Wealth Alliance Sells 191 Shares of Honeywell International Inc. (NASDAQ:HON)

Wealth Alliance lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,385 shares of the conglomerate’s stock after selling 191 shares during the period. Wealth Alliance’s holdings in Honeywell International were worth $1,758,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cordant Inc. purchased a new position in shares of Honeywell International in the fourth quarter worth $31,000. True Wealth Design LLC bought a new stake in shares of Honeywell International in the fourth quarter worth approximately $31,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $37,000. TFO Wealth Partners LLC lifted its position in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 114 shares during the period. Finally, Fortis Capital Advisors LLC purchased a new stake in Honeywell International in the fourth quarter worth approximately $46,000. Institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HON shares. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday. Royal Bank of Canada reduced their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Wells Fargo & Company raised their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 19th. Finally, Barclays boosted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $219.67.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $2.46 during mid-day trading on Tuesday, reaching $191.58. 1,539,504 shares of the company traded hands, compared to its average volume of 3,008,792. The company’s 50 day moving average price is $198.54 and its 200-day moving average price is $195.82. The firm has a market cap of $124.75 billion, a PE ratio of 22.91, a PEG ratio of 2.24 and a beta of 1.02. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.52 earnings per share. On average, equities analysts expect that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.25%. Honeywell International’s dividend payout ratio is presently 51.00%.

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.