Cornell Pochily Investment Advisors Inc. Sells 292 Shares of Honeywell International Inc. (NASDAQ:HON)

Cornell Pochily Investment Advisors Inc. decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 6.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,120 shares of the conglomerate’s stock after selling 292 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in Honeywell International were worth $864,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HON. True Wealth Design LLC bought a new position in shares of Honeywell International during the 4th quarter worth $31,000. TFO Wealth Partners LLC grew its position in shares of Honeywell International by 105.6% during the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after buying an additional 114 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in shares of Honeywell International during the 4th quarter worth $46,000. Raleigh Capital Management Inc. grew its position in shares of Honeywell International by 42.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after buying an additional 76 shares in the last quarter. Finally, Impact Partnership Wealth LLC boosted its position in Honeywell International by 47.6% during the third quarter. Impact Partnership Wealth LLC now owns 273 shares of the conglomerate’s stock valued at $50,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON stock traded up $0.27 during trading on Thursday, hitting $205.40. 392,507 shares of the company traded hands, compared to its average volume of 3,031,435. The stock’s 50-day simple moving average is $198.87 and its 200 day simple moving average is $195.01. 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 $133.96 billion, a PE ratio of 24.22, a P/E/G ratio of 2.26 and a beta of 1.02. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $9.70 billion. During the same period last year, the company earned $2.52 earnings per share. Honeywell International’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada decreased their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Wells Fargo & Company raised their price objective on Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 19th. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $220.89.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International 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 sale, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.45% of the stock is owned by corporate insiders.

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.