Gallacher Capital Management LLC Sells 290 Shares of Honeywell International Inc. (NASDAQ:HON)

Gallacher Capital Management LLC cut its position in shares of Honeywell International Inc. (NASDAQ:HON) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,763 shares of the conglomerate’s stock after selling 290 shares during the period. Gallacher Capital Management LLC’s holdings in Honeywell International were worth $624,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Corient Private Wealth LLC lifted its stake in shares of Honeywell International by 0.3% in the 4th quarter. Corient Private Wealth LLC now owns 940,708 shares of the conglomerate’s stock valued at $212,196,000 after purchasing an additional 3,019 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Honeywell International by 1.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 71,235 shares of the conglomerate’s stock worth $16,091,000 after purchasing an additional 855 shares during the last quarter. Avalon Trust Co lifted its stake in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 75 shares during the last quarter. one8zero8 LLC bought a new stake in shares of Honeywell International during the 4th quarter worth approximately $511,000. Finally, Frank Rimerman Advisors LLC lifted its position in shares of Honeywell International by 23.9% during the fourth quarter. Frank Rimerman Advisors LLC now owns 7,473 shares of the conglomerate’s stock worth $1,688,000 after purchasing an additional 1,443 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This 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 is available at the SEC website. Company insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

HON stock opened at $209.47 on Friday. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The business has a fifty day moving average of $215.05 and a two-hundred day moving average of $216.50. The stock has a market cap of $136.14 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. 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 (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 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 14th. Stockholders of record on Friday, February 28th were issued a $1.13 dividend. The ex-dividend date of this dividend 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 currently 51.89%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HON. Citigroup decreased their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Ten 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 company’s stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus target price of $249.38.

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.