Waverton Investment Management Ltd Sells 1,950 Shares of Honeywell International Inc. (NASDAQ:HON)

Waverton Investment Management Ltd decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 53.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,728 shares of the conglomerate’s stock after selling 1,950 shares during the period. Waverton Investment Management Ltd’s holdings in Honeywell International were worth $390,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America acquired a new stake in Honeywell International during the 3rd quarter valued at $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter worth about $29,000. Hoese & Co LLP bought a new stake in shares of Honeywell International during the 4th quarter worth about $30,000. Financial Avengers Inc. grew its stake in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp raised its holdings in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by corporate insiders.

Honeywell International Price Performance

Honeywell International stock opened at $211.94 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The stock has a market capitalization of $137.74 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The stock has a fifty day moving average of $220.43 and a 200-day moving average of $215.49.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 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%. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. Jefferies Financial Group boosted their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Wells Fargo & Company reduced their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Royal Bank of Canada lowered their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Wednesday, December 11th. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Honeywell International has an average rating of “Moderate Buy” and an average target price of $248.71.

About Honeywell International

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.