Kimelman & Baird LLC Sells 1,224 Shares of Honeywell International Inc. (NASDAQ:HON)

Kimelman & Baird LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,518 shares of the conglomerate’s stock after selling 1,224 shares during the quarter. Honeywell International comprises 2.3% of Kimelman & Baird LLC’s investment portfolio, making the stock its 18th biggest holding. Kimelman & Baird LLC’s holdings in Honeywell International were worth $29,031,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Curio Wealth LLC bought a new position in shares of Honeywell International during the 4th quarter worth about $35,000. Signaturefd LLC boosted its position in shares of Honeywell International by 5.6% during the 4th quarter. Signaturefd LLC now owns 14,551 shares of the conglomerate’s stock worth $3,287,000 after purchasing an additional 767 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Honeywell International by 1.3% during the 4th quarter. Parallel Advisors LLC now owns 48,537 shares of the conglomerate’s stock worth $10,964,000 after purchasing an additional 634 shares in the last quarter. Cibc World Markets Corp boosted its position in shares of Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock worth $285,832,000 after purchasing an additional 1,018,099 shares in the last quarter. Finally, Gold Investment Management Ltd. boosted its position in shares of Honeywell International by 7.6% during the 4th quarter. Gold Investment Management Ltd. now owns 4,330 shares of the conglomerate’s stock worth $978,000 after purchasing an additional 304 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $249.38.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 41,580 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is owned by insiders.

Honeywell International Trading Up 1.3 %

Shares of HON stock opened at $209.47 on Monday. The company has a 50 day moving average of $215.05 and a 200-day moving average of $216.58. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The firm has a market cap of $136.14 billion, a P/E ratio of 24.05, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last issued 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 net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.16%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 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.