KCM Investment Advisors LLC Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

KCM Investment Advisors LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 8.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,467 shares of the conglomerate’s stock after selling 1,471 shares during the period. KCM Investment Advisors LLC’s holdings in Honeywell International were worth $3,494,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International during the 4th quarter worth $25,000. Avalon Trust Co raised its position in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 75 shares during the period. Hoese & Co LLP bought a new stake in Honeywell International in the fourth quarter worth about $30,000. Financial Avengers Inc. grew its position in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the period. Finally, Curio Wealth LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $35,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HON shares. JPMorgan Chase & Co. dropped their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Jefferies Financial Group upped their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, Barclays cut their price objective on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $249.08.

Honeywell International Trading Down 7.6 %

Shares of HON opened at $190.99 on Friday. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The company has a market capitalization of $124.13 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm’s 50 day simple moving average is $211.63 and its 200 day simple moving average is $217.10.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.37%. Honeywell International’s dividend payout ratio is 51.89%.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

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.