Foster & Motley Inc. Sells 699 Shares of Honeywell International Inc. (NASDAQ:HON)

Foster & Motley Inc. lessened its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 7.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 9,312 shares of the conglomerate’s stock after selling 699 shares during the quarter. Foster & Motley Inc.’s holdings in Honeywell International were worth $1,953,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Cordant Inc. bought a new position in shares of Honeywell International in the fourth quarter worth $31,000. Rakuten Securities Inc. bought a new position in Honeywell International in the fourth quarter valued at about $31,000. Financial Connections Group Inc. bought a new stake in Honeywell International during the 4th quarter worth approximately $37,000. TFO Wealth Partners LLC grew its stake in shares of Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Honeywell International by 42.0% in the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 76 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HON shares. Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $219.67.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now 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 available through the SEC website. 0.41% of the stock is currently owned by company insiders.

Honeywell International Price Performance

Honeywell International stock opened at $197.46 on Tuesday. The stock has a market cap of $128.58 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.23 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The company’s 50 day moving average price is $198.31 and its two-hundred day moving average price is $196.18. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share 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 business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the previous year, the firm earned $2.52 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. On average, equities analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is 51.00%.

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.