Hixon Zuercher LLC Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Hixon Zuercher LLC reduced its position in Honeywell International Inc. (NASDAQ:HONFree Report) by 5.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,893 shares of the conglomerate’s stock after selling 1,154 shares during the period. Honeywell International accounts for about 2.0% of Hixon Zuercher LLC’s portfolio, making the stock its 22nd biggest position. Hixon Zuercher LLC’s holdings in Honeywell International were worth $4,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Ironwood Wealth Management LLC. boosted its holdings in Honeywell International by 2.9% in the first quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock valued at $700,000 after purchasing an additional 100 shares during the last quarter. Fairfield Bush & CO. raised its position in shares of Honeywell International by 5.4% in the first quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock worth $1,864,000 after acquiring an additional 492 shares during the period. United Bank raised its position in shares of Honeywell International by 25.0% in the first quarter. United Bank now owns 8,404 shares of the conglomerate’s stock worth $1,635,000 after acquiring an additional 1,683 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Honeywell International by 31.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock worth $151,949,000 after acquiring an additional 187,936 shares during the period. Finally, AMI Investment Management Inc. raised its position in shares of Honeywell International by 16.8% in the first quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock worth $224,000 after acquiring an additional 165 shares during the period. 74.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were 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 owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.45% of the stock is owned by corporate insiders.

Honeywell International Stock Down 0.3 %

HON opened at $200.73 on Friday. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The company has a 50-day moving average price of $198.86 and a 200 day moving average price of $194.66. The company has a market cap of $130.91 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the prior year, the company earned $2.52 EPS. Honeywell International’s revenue was up 2.8% compared to the same quarter last year. Sell-side analysts expect that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a yield of 2.15%. Honeywell International’s dividend payout ratio is presently 51.00%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HON shares. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Wells Fargo & Company upped their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 19th. Barclays upped their price objective on shares of Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $220.89.

Get Our Latest Stock Analysis on HON

Honeywell International Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding HON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Honeywell International Inc. (NASDAQ:HONFree Report).

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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