Rathbones Group PLC Decreases Stock Holdings in Honeywell International Inc. $HON

Rathbones Group PLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 450,076 shares of the conglomerate’s stock after selling 21,779 shares during the period. Rathbones Group PLC owned 0.07% of Honeywell International worth $94,741,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nova R Wealth Inc. grew its holdings in Honeywell International by 3.0% in the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock valued at $335,000 after buying an additional 47 shares in the last quarter. Willow Creek Wealth Management Inc. raised its holdings in shares of Honeywell International by 2.2% during the 3rd quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate’s stock worth $490,000 after acquiring an additional 50 shares during the period. VSM Wealth Advisory LLC grew its holdings in shares of Honeywell International by 4.5% in the third quarter. VSM Wealth Advisory LLC now owns 1,150 shares of the conglomerate’s stock valued at $242,000 after purchasing an additional 50 shares during the period. Mather Group LLC. increased its position in Honeywell International by 0.6% during the third quarter. Mather Group LLC. now owns 8,616 shares of the conglomerate’s stock worth $1,814,000 after purchasing an additional 51 shares during the last quarter. Finally, Arrow Financial Corp raised its stake in Honeywell International by 0.5% during the third quarter. Arrow Financial Corp now owns 10,457 shares of the conglomerate’s stock worth $2,201,000 after purchasing an additional 51 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on HON shares. Robert W. Baird increased their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Jefferies Financial Group upped their price objective on Honeywell International from $240.00 to $245.00 and gave the company a “hold” rating in a report on Wednesday. Daiwa Securities Group increased their price objective on Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. HSBC reduced their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating on the stock in a research report on Tuesday, November 11th. Finally, DZ Bank decreased their price target on Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $251.22.

Insider Activity

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction dated Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 18,190 shares of company stock worth $4,244,287. 0.20% of the stock is owned by corporate insiders.

Honeywell International Stock Performance

NASDAQ:HON opened at $235.29 on Friday. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $248.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The company has a 50 day moving average price of $225.66 and a 200 day moving average price of $211.74. The stock has a market capitalization of $149.57 billion, a P/E ratio of 29.45, a PEG ratio of 3.41 and a beta of 0.92.

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

Honeywell International Dividend Announcement

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

Honeywell International Company 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.