ZWJ Investment Counsel Inc. Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

ZWJ Investment Counsel Inc. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 15.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,177 shares of the conglomerate’s stock after selling 217 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Honeywell International were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Ironwood Wealth Management LLC. lifted its position in shares of Honeywell International by 2.9% during the first quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock worth $700,000 after acquiring an additional 100 shares in the last quarter. Fairfield Bush & CO. grew its holdings in Honeywell International by 5.4% during the 1st 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 in the last quarter. United Bank increased its position in shares of 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 during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Honeywell International by 31.7% in the first 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 in the last quarter. Finally, AMI Investment Management Inc. boosted its position in shares of Honeywell International by 16.8% in the first quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock valued at $224,000 after acquiring an additional 165 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON traded up $3.18 during trading hours on Friday, reaching $194.26. 3,570,010 shares of the stock traded hands, compared to its average volume of 2,522,228. The stock has a 50 day simple moving average of $198.35 and a two-hundred day simple moving average of $195.87. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. 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 company has a market cap of $126.50 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 2.19 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $9.70 billion. During the same quarter in the previous year, the company posted $2.52 EPS. Honeywell International’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HON. Barclays increased their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Royal Bank of Canada reduced their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average target price of $219.67.

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.