Bahl & Gaynor Inc. Trims Holdings in Honeywell International Inc. (NASDAQ:HON)

Bahl & Gaynor Inc. cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,617 shares of the conglomerate’s stock after selling 5,493 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Honeywell International were worth $33,571,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Howard Capital Management Group LLC raised its position in Honeywell International by 6.7% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after buying an additional 174 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Honeywell International by 19.0% during the third quarter. Farther Finance Advisors LLC now owns 8,025 shares of the conglomerate’s stock worth $1,659,000 after purchasing an additional 1,279 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Honeywell International by 1.3% in the third quarter. Janney Montgomery Scott LLC now owns 274,004 shares of the conglomerate’s stock valued at $56,640,000 after purchasing an additional 3,645 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in Honeywell International by 0.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 14,966 shares of the conglomerate’s stock valued at $3,094,000 after purchasing an additional 74 shares in the last quarter. Finally, Confluence Wealth Services Inc. increased its position in Honeywell International by 25.1% during the 3rd quarter. Confluence Wealth Services Inc. now owns 1,796 shares of the conglomerate’s stock worth $371,000 after purchasing an additional 360 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HON shares. Bank of America lifted their price target on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. The Goldman Sachs Group increased their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. UBS Group reissued a “buy” rating and set a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Stock Performance

Shares of HON opened at $212.02 on Tuesday. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The company’s 50 day simple moving average is $218.27 and its 200 day simple moving average is $216.07. The company has a market capitalization of $137.80 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.51 and a beta of 1.05. 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 posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.13%. Honeywell International’s payout ratio is 51.89%.

Insider Buying and Selling

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