Armstrong Fleming & Moore Inc Cuts Stake in Honeywell International Inc. (NASDAQ:HON)

Armstrong Fleming & Moore Inc lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,251 shares of the conglomerate’s stock after selling 159 shares during the quarter. Armstrong Fleming & Moore Inc’s holdings in Honeywell International were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sabal Trust CO increased its holdings in shares of Honeywell International by 48.0% in the fourth quarter. Sabal Trust CO now owns 8,564 shares of the conglomerate’s stock worth $1,935,000 after buying an additional 2,777 shares during the period. Bryn Mawr Capital Management LLC increased its stake in Honeywell International by 0.3% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 19,536 shares of the conglomerate’s stock worth $4,413,000 after purchasing an additional 52 shares during the period. National Pension Service lifted its position in Honeywell International by 5.5% in the fourth quarter. National Pension Service now owns 1,252,816 shares of the conglomerate’s stock valued at $282,999,000 after purchasing an additional 64,869 shares during the last quarter. Advisor OS LLC boosted its stake in shares of Honeywell International by 17.6% during the fourth quarter. Advisor OS LLC now owns 1,328 shares of the conglomerate’s stock valued at $300,000 after purchasing an additional 199 shares during the period. Finally, Cutter & CO Brokerage Inc. grew its holdings in shares of Honeywell International by 8.1% in the fourth quarter. Cutter & CO Brokerage Inc. now owns 2,152 shares of the conglomerate’s stock worth $486,000 after purchasing an additional 162 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on HON. Morgan Stanley increased their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Barclays dropped their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Bank of America boosted their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Price Performance

HON stock opened at $212.00 on Wednesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The firm has a market capitalization of $137.78 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.51 and a beta of 1.05. The firm has a 50 day moving average price of $219.48 and a 200-day moving average price of $215.66. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.13%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

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.