GLOBALT Investments LLC GA Reduces Stock Position in Honeywell International Inc. (NASDAQ:HON)

GLOBALT Investments LLC GA trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,806 shares of the conglomerate’s stock after selling 177 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Honeywell International were worth $2,893,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Valmark Advisers Inc. increased its position in Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock valued at $1,048,000 after buying an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. increased its position in Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after buying an additional 47 shares in the last quarter. Saxony Capital Management LLC grew its stake in Honeywell International by 4.0% during the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after purchasing an additional 47 shares during the last quarter. Magnus Financial Group LLC grew its stake in Honeywell International by 0.5% during the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after purchasing an additional 48 shares during the last quarter. Finally, Bill Few Associates Inc. grew its stake in Honeywell International by 0.3% during the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock valued at $3,524,000 after purchasing an additional 49 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Honeywell International

In related 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 of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $209.47 on Monday. The company has a market capitalization of $136.14 billion, a P/E ratio of 24.05, a P/E/G ratio of 2.51 and a beta of 1.08. The business’s 50 day moving average is $215.05 and its two-hundred day moving average is $216.58. The company has a current ratio of 1.31, a quick ratio of 1.01 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.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating 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%. Analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on HON shares. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Jefferies Financial Group boosted their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. The Goldman Sachs Group boosted their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lowered their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.