GS Investments Inc. Decreases Stock Position in Honeywell International Inc. (NASDAQ:HON)

GS Investments Inc. decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,782 shares of the conglomerate’s stock after selling 524 shares during the period. GS Investments Inc.’s holdings in Honeywell International were worth $2,436,000 as of its most recent SEC filing.

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

Honeywell International Trading Down 0.5 %

Shares of HON opened at $208.65 on Thursday. The firm’s 50-day moving average is $214.37 and its two-hundred day moving average is $216.56. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. 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 firm has a market capitalization of $135.61 billion, a P/E ratio of 23.96, a PEG ratio of 2.51 and a beta of 1.08.

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 return on equity of 35.78% and a net margin of 14.82%. On average, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.17%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HON. The Goldman Sachs Group raised their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Royal Bank of Canada lowered their price objective on shares of 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. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Jefferies Financial Group raised their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Finally, Citigroup reduced their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Ten research 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 stock. According to MarketBeat, Honeywell International has an average rating of “Hold” and an average target price of $249.38.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by corporate 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.