AllSquare Wealth Management LLC Cuts Position in Honeywell International Inc. (NYSE:HON)


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AllSquare Wealth Management LLC trimmed its holdings in shares of Honeywell International Inc. (NYSE:HON) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 767 shares of the conglomerate’s stock after selling 54 shares during the period. AllSquare Wealth Management LLC’s holdings in Honeywell International were worth $163,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. James Hambro & Partners boosted its holdings in Honeywell International by 114.4% in the 4th quarter. James Hambro & Partners now owns 4,750 shares of the conglomerate’s stock worth $1,010,000 after acquiring an additional 2,535 shares during the period. Whittier Trust Co. boosted its stake in shares of Honeywell International by 2.9% in the fourth quarter. Whittier Trust Co. now owns 231,624 shares of the conglomerate’s stock valued at $49,267,000 after purchasing an additional 6,559 shares during the period. GYL Financial Synergies LLC increased its stake in Honeywell International by 7.0% during the 4th quarter. GYL Financial Synergies LLC now owns 2,207 shares of the conglomerate’s stock worth $469,000 after buying an additional 144 shares during the period. Veracity Capital LLC lifted its holdings in Honeywell International by 10.3% in the 4th quarter. Veracity Capital LLC now owns 131,618 shares of the conglomerate’s stock worth $1,214,000 after buying an additional 12,255 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its position in Honeywell International by 5.8% in the 4th quarter. Congress Asset Management Co. MA now owns 55,060 shares of the conglomerate’s stock valued at $11,711,000 after buying an additional 2,996 shares during the last quarter. Institutional investors own 75.97% of the company’s stock.

Several research analysts recently commented on the company. HSBC cut Honeywell International from a “buy” rating to a “hold” rating and set a $200.00 price target on the stock. in a research note on Tuesday, November 17th. Barclays upped their target price on Honeywell International from $180.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, November 30th. JPMorgan Chase & Co. raised their price target on shares of Honeywell International from $198.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. Credit Suisse Group cut their price target on shares of Honeywell International from $230.00 to $222.00 and set an “outperform” rating on the stock in a report on Monday, February 1st. Finally, Bank of America raised their price objective on shares of Honeywell International from $180.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, November 5th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the stock. Honeywell International has a consensus rating of “Hold” and an average price target of $193.33.

Shares of NYSE HON traded down $0.22 during mid-day trading on Tuesday, hitting $203.40. The company had a trading volume of 75,555 shares, compared to its average volume of 2,683,871. Honeywell International Inc. has a 12 month low of $101.08 and a 12 month high of $216.70. The stock has a market cap of $141.46 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 3.41 and a beta of 1.13. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.64 and a quick ratio of 1.37. The firm’s 50 day simple moving average is $204.06 and its two-hundred day simple moving average is $187.85.

Honeywell International (NYSE:HON) last announced its quarterly earnings results on Thursday, January 28th. The conglomerate reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.07. The company had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.39 billion. Honeywell International had a net margin of 14.99% and a return on equity of 27.69%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 earnings per share. Equities analysts forecast that Honeywell International Inc. will post 7.03 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 12th. Shareholders of record on Friday, February 26th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Thursday, February 25th. This represents a $3.72 annualized dividend and a dividend yield of 1.83%. Honeywell International’s payout ratio is currently 45.59%.

In other Honeywell International news, major shareholder Honeywell International Inc acquired 15,000 shares of Honeywell International stock in a transaction dated Thursday, December 17th. The stock was acquired at an average cost of $4.20 per share, for a total transaction of $63,000.00. Following the completion of the transaction, the insider now owns 2,892,116 shares in the company, valued at approximately $12,146,887.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

About Honeywell International

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its 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; thermal systems; and connected solutions and data services for aftermarket, as well as wireless connectivity, and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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