Honeywell International Inc. (NASDAQ:HON) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 76.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,517 shares of the conglomerate’s stock after selling 54,015 shares during the quarter. Wealthfront Advisers LLC’s holdings in Honeywell International were worth $3,731,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of HON. Howard Capital Management Group LLC lifted its holdings in Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after purchasing an additional 174 shares in the last quarter. United Bank raised its position in shares of Honeywell International by 2.8% in the third quarter. United Bank now owns 8,183 shares of the conglomerate’s stock valued at $1,692,000 after buying an additional 220 shares during the last quarter. Harbour Investments Inc. lifted its stake in shares of Honeywell International by 5.3% during the third quarter. Harbour Investments Inc. now owns 11,018 shares of the conglomerate’s stock valued at $2,278,000 after buying an additional 553 shares during the period. GSA Capital Partners LLP acquired a new stake in Honeywell International during the third quarter worth approximately $414,000. Finally, Schrum Private Wealth Management LLC grew its stake in Honeywell International by 28.0% in the 3rd quarter. Schrum Private Wealth Management LLC now owns 1,740 shares of the conglomerate’s stock worth $360,000 after acquiring an additional 381 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Up 0.2 %

Shares of HON opened at $206.69 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The stock has a market cap of $134.33 billion, a PE ratio of 23.73, a P/E/G ratio of 2.51 and a beta of 1.08. The stock’s 50-day moving average is $215.39 and its two-hundred day moving average is $216.39.

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%. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.19%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HON shares. Deutsche Bank Aktiengesellschaft raised 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. Barclays decreased their price target on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada dropped their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $249.38.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction 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 company insiders.

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.