Bfsg LLC Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Bfsg LLC cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,658 shares of the conglomerate’s stock after selling 103 shares during the quarter. Bfsg LLC’s holdings in Honeywell International were worth $767,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the company. Impact Partnership Wealth LLC increased its position in Honeywell International by 47.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 273 shares of the conglomerate’s stock valued at $50,000 after buying an additional 88 shares in the last quarter. Royal Fund Management LLC acquired a new position in Honeywell International during the 3rd quarter valued at about $214,000. Meridian Wealth Management LLC increased its position in Honeywell International by 100.6% during the 3rd quarter. Meridian Wealth Management LLC now owns 12,938 shares of the conglomerate’s stock valued at $2,390,000 after buying an additional 6,489 shares in the last quarter. Strategic Blueprint LLC increased its position in Honeywell International by 4.3% during the 3rd quarter. Strategic Blueprint LLC now owns 7,942 shares of the conglomerate’s stock valued at $1,467,000 after buying an additional 328 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its position in Honeywell International by 5.2% during the 3rd quarter. Washington Trust Advisors Inc. now owns 2,274 shares of the conglomerate’s stock valued at $420,000 after buying an additional 112 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.7 %

Shares of NASDAQ HON traded down $1.37 during trading on Wednesday, reaching $194.79. The stock had a trading volume of 3,573,331 shares, compared to its average volume of 3,007,517. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The business’s 50-day moving average price is $198.35 and its 200-day moving average price is $196.26. The company has a market cap of $126.84 billion, a P/E ratio of 22.95, a PEG ratio of 2.24 and a beta of 1.02.

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

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is presently 51.00%.

Insider Buying and Selling 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 transaction of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Barclays increased their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus target price of $219.67.

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.