Level Four Advisory Services LLC Lowers Stake in Honeywell International Inc. (NASDAQ:HON)

Level Four Advisory Services LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 10.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,607 shares of the conglomerate’s stock after selling 887 shares during the period. Level Four Advisory Services LLC’s holdings in Honeywell International were worth $1,718,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International during the fourth quarter worth $435,786,000. ING Groep NV boosted its stake in Honeywell International by 884.0% in the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock worth $395,866,000 after buying an additional 1,574,376 shares during the last quarter. Wellington Management Group LLP grew its holdings in Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after buying an additional 1,376,479 shares during the period. Cibc World Markets Corp increased its stake in shares of Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after acquiring an additional 1,018,099 shares during the last quarter. Finally, Boston Partners lifted its holdings in shares of Honeywell International by 29.2% during the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock worth $675,986,000 after acquiring an additional 677,213 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. HSBC upgraded 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. Jefferies Financial Group upped 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. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $249.08.

Honeywell International Stock Down 1.8 %

NASDAQ HON opened at $210.34 on Friday. The stock has a market cap of $136.70 billion, a PE ratio of 24.15, a P/E/G ratio of 2.51 and a beta of 1.08. The business has a 50 day moving average price of $213.21 and a two-hundred day moving average price of $216.98. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

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, beating 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%. As a group, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Insider Activity at Honeywell International

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 completion of the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is currently owned by company insiders.

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.