Cannell & Spears LLC Decreases Position in Honeywell International Inc. (NASDAQ:HON)

Cannell & Spears LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,034 shares of the conglomerate’s stock after selling 474 shares during the quarter. Cannell & Spears LLC’s holdings in Honeywell International were worth $23,726,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Baldwin Wealth Partners LLC MA raised its holdings in shares of Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock valued at $15,203,000 after purchasing an additional 2,611 shares in the last quarter. Coordinated Financial Services Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth about $361,000. Costello Asset Management INC purchased a new position in shares of Honeywell International in the 4th quarter valued at about $3,092,000. Raymond James Financial Inc. purchased a new position in shares of Honeywell International in the 4th quarter valued at about $435,786,000. Finally, Dynasty Wealth Management LLC boosted its holdings in Honeywell International by 52.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock valued at $2,559,000 after purchasing an additional 3,879 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 1.8 %

HON stock opened at $210.34 on Monday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average price is $213.21 and its 200 day moving average price is $217.07. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a market cap of $136.70 billion, a P/E ratio of 24.15, a P/E/G ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, research analysts expect that Honeywell International Inc. will post 10.34 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 14th. Investors of record on Friday, February 28th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.15%. Honeywell International’s dividend payout ratio is presently 51.89%.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HON shares. Wells Fargo & Company dropped their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” 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 report on Wednesday, December 11th. The Goldman Sachs Group boosted their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $249.08.

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.