Capital Wealth Planning LLC Reduces Stock Holdings in Honeywell International Inc. $HON

Capital Wealth Planning LLC cut its position in Honeywell International Inc. (NASDAQ:HON) by 8.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,124,847 shares of the conglomerate’s stock after selling 191,643 shares during the quarter. Honeywell International comprises about 3.2% of Capital Wealth Planning LLC’s holdings, making the stock its 15th largest position. Capital Wealth Planning LLC owned about 0.33% of Honeywell International worth $447,280,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC lifted its holdings in Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares during the last quarter. Howard Hughes Medical Institute purchased a new position in shares of Honeywell International in the second quarter worth about $33,000. Cedar Mountain Advisors LLC raised its position in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 84 shares during the period. SJS Investment Consulting Inc. raised its position in shares of Honeywell International by 833.3% in the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after purchasing an additional 150 shares during the period. Finally, Cloud Capital Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter valued at approximately $35,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $234.50 on Friday. The company has a 50-day simple moving average of $229.78 and a two-hundred day simple moving average of $212.41. Honeywell International Inc. has a 12-month low of $169.21 and a 12-month high of $248.18. The firm has a market cap of $149.07 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 3.38 and a beta of 0.92. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the firm earned $2.47 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $1.19 per share. The ex-dividend date was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio is 59.57%.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent research reports. The Goldman Sachs Group lifted their price target on Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. DZ Bank cut their target price on Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Wall Street Zen raised Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Evercore upped their price target on Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. Finally, JPMorgan Chase & Co. increased their price target on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus price target of $251.65.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 18,190 shares of company stock valued at $4,244,287 in the last three months. Corporate insiders own 0.20% of the company’s stock.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.