Principle Wealth Partners LLC Trims Position in Honeywell International Inc. (NASDAQ:HON)

Principle Wealth Partners LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,804 shares of the conglomerate’s stock after selling 567 shares during the period. Principle Wealth Partners LLC’s holdings in Honeywell International were worth $3,314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cordant Inc. purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. purchased a new position in shares of Honeywell International during the fourth quarter valued at 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 stake in shares of 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 buying an additional 114 shares during the period. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after buying an additional 76 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HON. Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays increased their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed 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. Finally, StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $219.67.

Honeywell International Trading Up 0.2 %

HON stock traded up $0.43 during midday trading on Friday, reaching $193.45. 3,041,537 shares of the company’s stock traded hands, compared to its average volume of 2,666,853. The company has a market capitalization of $125.97 billion, a P/E ratio of 22.42, a PEG ratio of 2.21 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 0.93. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The business has a 50-day moving average price of $198.18 and a two-hundred day moving average price of $196.34.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the company posted $2.07 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International’s payout ratio is currently 50.06%.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate 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.