Nicholas Company Inc. Sells 17,165 Shares of Honeywell International Inc. (NASDAQ:HON)

Nicholas Company Inc. reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 236,745 shares of the conglomerate’s stock after selling 17,165 shares during the quarter. Nicholas Company Inc.’s holdings in Honeywell International were worth $53,478,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HON. Mainstream Capital Management LLC purchased a new position in shares of Honeywell International during the 4th quarter valued at $25,000. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International during the 3rd quarter worth about $25,000. Avalon Trust Co lifted its holdings in Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Hoese & Co LLP purchased a new stake in Honeywell International during the 4th quarter worth about $30,000. Finally, Financial Avengers Inc. lifted its holdings 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 in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

HON opened at $209.47 on Friday. The stock’s 50 day simple moving average is $215.05 and its 200 day simple moving average is $216.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The firm has a market cap of $136.14 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results 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%. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.16%. Honeywell International’s payout ratio is 51.89%.

Analysts Set New Price Targets

A number of analysts recently issued reports on HON shares. Royal Bank of Canada dropped their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Citigroup dropped their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Morgan Stanley upped their target price 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. Finally, The Goldman Sachs Group upped their target price on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $249.38.

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.