Honeywell International Inc. (NASDAQ:HON) Stake Reduced by Alterity Financial Group LLC

Alterity Financial Group LLC decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,189 shares of the conglomerate’s stock after selling 190 shares during the period. Honeywell International makes up 3.1% of Alterity Financial Group LLC’s portfolio, making the stock its 7th biggest position. Alterity Financial Group LLC’s holdings in Honeywell International were worth $2,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of HON. Ironwood Wealth Management LLC. increased its position in shares of Honeywell International by 2.9% in the 1st quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock worth $700,000 after purchasing an additional 100 shares during the last quarter. Fairfield Bush & CO. increased its holdings in Honeywell International by 5.4% in the first quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock valued at $1,864,000 after buying an additional 492 shares during the last quarter. United Bank raised its stake in Honeywell International by 25.0% during the first quarter. United Bank now owns 8,404 shares of the conglomerate’s stock valued at $1,635,000 after buying an additional 1,683 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Honeywell International by 31.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock worth $151,949,000 after buying an additional 187,936 shares during the last quarter. Finally, AMI Investment Management Inc. grew its position in shares of Honeywell International by 16.8% in the 1st quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock worth $224,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $205.25 on Friday. The business has a 50 day simple moving average of $199.02 and a 200 day simple moving average of $195.08. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market capitalization of $133.86 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 2.31 and a beta of 1.02. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the prior year, the business posted $2.52 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is currently 51.00%.

Analyst Ratings Changes

HON has been the topic of several research analyst reports. Barclays raised their price objective on Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Wells Fargo & Company boosted their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 19th. Royal Bank of Canada cut their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus target price of $220.89.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.45% of the company’s stock.

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.