Dover Advisors LLC Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

Dover Advisors LLC cut its stake in Honeywell International Inc. (NASDAQ:HON) by 6.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,373 shares of the conglomerate’s stock after selling 690 shares during the quarter. Honeywell International comprises about 1.3% of Dover Advisors LLC’s portfolio, making the stock its 18th largest holding. Dover Advisors LLC’s holdings in Honeywell International were worth $2,343,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International in the third quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International in the 3rd quarter valued at $29,000. Hoese & Co LLP acquired a new stake in Honeywell International during the 4th quarter worth $30,000. Financial Avengers Inc. boosted its stake in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the period. Finally, Planning Capital Management Corp grew its position in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research reports. Morgan Stanley upped their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. UBS Group reiterated a “buy” rating and issued a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Royal Bank of Canada cut their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Finally, Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Price Performance

Honeywell International stock opened at $211.94 on Monday. The company has a market cap of $137.74 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The business has a fifty day moving average of $220.43 and a two-hundred day moving average of $215.49. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

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.