Honeywell International Inc. $HON Shares Sold by Shikiar Asset Management Inc.

Shikiar Asset Management Inc. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 67.2% in the 4th quarter, HoldingsChannel reports. The fund owned 2,313 shares of the conglomerate’s stock after selling 4,730 shares during the period. Shikiar Asset Management Inc.’s holdings in Honeywell International were worth $451,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in shares of Honeywell International during the 4th quarter worth approximately $720,000. Maseco LLP purchased a new stake in shares of Honeywell International during the 4th quarter worth approximately $43,000. Personal CFO Solutions LLC lifted its position in shares of Honeywell International by 14.2% during the 4th quarter. Personal CFO Solutions LLC now owns 3,780 shares of the conglomerate’s stock worth $737,000 after buying an additional 469 shares during the last quarter. Greenberg Financial Group purchased a new stake in shares of Honeywell International during the 4th quarter worth approximately $260,000. Finally, Capital Investment Advisory Services LLC lifted its position in shares of Honeywell International by 4.5% during the 4th quarter. Capital Investment Advisory Services LLC now owns 10,965 shares of the conglomerate’s stock worth $2,139,000 after buying an additional 470 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their price objective on shares of Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Daiwa Securities Group boosted their price objective on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Morgan Stanley boosted their price objective on shares of Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 12th. Evercore boosted their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, DZ Bank reduced their price target on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Fourteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $251.83.

Honeywell International Stock Up 3.9%

HON stock opened at $232.47 on Thursday. The company has a fifty day moving average price of $234.69 and a 200 day moving average price of $213.89. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $248.18. The company has a market cap of $147.78 billion, a price-to-earnings ratio of 29.10, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.47 EPS. Sell-side analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

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

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. This represents 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 worth $4,244,287 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

About Honeywell International

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.