Honeywell International Inc. (NASDAQ:HON) Shares Sold by Zhang Financial LLC

Zhang Financial LLC lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.5% in the fourth quarter, Holdings Channel reports. The firm owned 11,999 shares of the conglomerate’s stock after selling 62 shares during the period. Zhang Financial LLC’s holdings in Honeywell International were worth $2,516,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HON. True Wealth Design LLC purchased a new stake in shares of Honeywell International in the fourth quarter worth about $31,000. Rakuten Securities Inc. purchased a new position in Honeywell International in the 4th quarter worth approximately $31,000. Cordant Inc. acquired a new stake in Honeywell International in the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $37,000. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Honeywell International during the fourth quarter worth $46,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HON. Barclays raised their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada cut their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of “Hold” and a consensus price target of $219.67.

Honeywell International Stock Up 1.4 %

Honeywell International stock traded up $2.62 during midday trading on Friday, hitting $193.70. The stock had a trading volume of 1,724,953 shares, compared to its average volume of 2,989,442. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The business has a fifty day moving average price of $198.36 and a 200 day moving average price of $195.79. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The stock has a market cap of $126.13 billion, a P/E ratio of 22.75, a P/E/G ratio of 2.18 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.52 EPS. Research analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is presently 51.00%.

About Honeywell International

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.