Connable Office Inc. Lowers Stake in Honeywell International Inc. (NASDAQ:HON)

Connable Office Inc. lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 21.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,839 shares of the conglomerate’s stock after selling 3,471 shares during the quarter. Connable Office Inc.’s holdings in Honeywell International were worth $2,900,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA lifted its holdings in Honeywell International by 4.0% during the fourth 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. Costello Asset Management INC purchased a new position in Honeywell International during the fourth quarter valued at approximately $3,092,000. RIA Advisory Group LLC purchased a new position in Honeywell International during the third quarter valued at approximately $6,124,000. Copley Financial Group Inc. purchased a new position in shares of Honeywell International in the third quarter worth $454,000. Finally, Sargent Investment Group LLC lifted its holdings in shares of Honeywell International by 268.6% in the fourth quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock worth $1,227,000 after buying an additional 4,082 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 0.3 %

HON stock opened at $212.89 on Friday. 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 Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The stock has a market capitalization of $138.36 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The firm’s fifty day simple moving average is $218.57 and its two-hundred day simple moving average is $215.72.

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 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, analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, February 28th. Honeywell International’s payout ratio is presently 51.89%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Jefferies Financial Group boosted their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Wednesday, December 11th. UBS Group reissued a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the company’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 transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

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.