Private Advisor Group LLC Sells 6,282 Shares of Honeywell International Inc. $HON

Private Advisor Group LLC cut its position in Honeywell International Inc. (NASDAQ:HON) by 7.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 76,762 shares of the conglomerate’s stock after selling 6,282 shares during the quarter. Private Advisor Group LLC’s holdings in Honeywell International were worth $16,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the period. Acadian Asset Management LLC grew its stake in Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after acquiring an additional 2,629 shares during the period. Schnieders Capital Management LLC. grew its stake in Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after acquiring an additional 1,223 shares during the period. Zions Bancorporation National Association UT increased its holdings in shares of Honeywell International by 27.6% in the second quarter. Zions Bancorporation National Association UT now owns 1,303 shares of the conglomerate’s stock worth $303,000 after acquiring an additional 282 shares in the last quarter. Finally, Vise Technologies Inc. bought a new stake in shares of Honeywell International in the second quarter worth about $3,623,000. 75.91% of the stock is owned by institutional investors.

Insider Transactions at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares of the company’s stock, valued at $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares of the company’s stock, valued at $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 18,190 shares of company stock valued at $4,244,287 in the last quarter. 0.41% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. HSBC cut their price objective on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. Rothschild & Co Redburn increased their target price on Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Honeywell International in a report on Monday, December 29th. Barclays lifted their price target on shares of Honeywell International from $259.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Sanford C. Bernstein set a $255.00 price objective on shares of Honeywell International in a research report on Friday, January 16th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $251.22.

Honeywell International Stock Performance

NASDAQ HON opened at $240.61 on Wednesday. The firm has a market capitalization of $152.95 billion, a P/E ratio of 30.11, a price-to-earnings-growth ratio of 3.44 and a beta of 0.92. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The firm’s fifty day moving average price is $227.36 and its two-hundred day moving average price is $211.97. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 EPS. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a dividend of $1.19 per share. The ex-dividend date is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is presently 59.57%.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.