Honeywell International Inc. (NASDAQ:HON) Shares Sold by Gradient Investments LLC

Gradient Investments LLC cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 43.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,742 shares of the conglomerate’s stock after selling 13,488 shares during the period. Gradient Investments LLC’s holdings in Honeywell International were worth $3,802,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cambridge Trust Co. lifted its holdings in Honeywell International by 0.4% during the 4th quarter. Cambridge Trust Co. now owns 191,712 shares of the conglomerate’s stock worth $41,083,000 after buying an additional 721 shares in the last quarter. Align Wealth Management LLC purchased a new position in shares of Honeywell International in the 4th quarter valued at $29,000. Brookstone Capital Management grew its position in Honeywell International by 26.1% during the 4th quarter. Brookstone Capital Management now owns 37,333 shares of the conglomerate’s stock worth $7,850,000 after purchasing an additional 7,731 shares during the last quarter. Weaver Consulting Group purchased a new position in Honeywell International during the 4th quarter worth $218,000. Finally, Pure Financial Advisors LLC grew its position in Honeywell International by 65.3% during the 4th quarter. Pure Financial Advisors LLC now owns 5,306 shares of the conglomerate’s stock worth $1,137,000 after purchasing an additional 2,096 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $184.64 on Friday. Honeywell International Inc. has a twelve month low of $166.63 and a twelve month high of $220.96. The stock has a market capitalization of $123.37 billion, a P/E ratio of 25.40, a PEG ratio of 2.40 and a beta of 1.10. The company has a current ratio of 1.25, a quick ratio of 0.98 and a debt-to-equity ratio of 0.87. The business’s fifty day moving average price is $201.18 and its 200 day moving average price is $199.27.

Honeywell International (NASDAQ:HON – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The conglomerate reported $2.52 EPS for the quarter, beating the consensus estimate of $2.51 by $0.01. Honeywell International had a return on equity of 32.89% and a net margin of 14.00%. The company had revenue of $9.19 billion for the quarter, compared to analyst estimates of $9.26 billion. During the same period last year, the company posted $2.09 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, research analysts anticipate that Honeywell International Inc. will post 9.03 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were given a $1.03 dividend. This represents a $4.12 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 23rd. Honeywell International’s dividend payout ratio (DPR) is presently 56.67%.

Analysts Set New Price Targets

Several brokerages have weighed in on HON. Credit Suisse Group lowered their target price on shares of Honeywell International from $202.00 to $200.00 and set a “neutral” rating on the stock in a research report on Friday, February 3rd. UBS Group lowered their target price on Honeywell International from $193.00 to $185.00 and set a “sell” rating on the stock in a report on Tuesday, February 28th. Deutsche Bank Aktiengesellschaft lowered their target price on Honeywell International from $242.00 to $235.00 in a report on Friday, February 3rd. The Goldman Sachs Group increased their target price on Honeywell International to $234.00 in a report on Monday, November 21st. Finally, JPMorgan Chase & Co. increased their target price on Honeywell International from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $214.88.

Honeywell International Profile

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.