Honeywell International Inc. (NASDAQ:HON) Position Lessened by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 3.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,244 shares of the conglomerate’s stock after selling 275 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in Honeywell International were worth $1,729,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HON. True Wealth Design LLC acquired a new stake in Honeywell International in the 4th quarter worth approximately $31,000. Fortis Capital Advisors LLC bought a new stake in shares of Honeywell International during the 4th quarter worth $46,000. TFO Wealth Partners LLC grew its stake in Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after buying an additional 114 shares during the last quarter. Altshuler Shaham Ltd bought a new position in Honeywell International in the 4th quarter worth $55,000. Finally, Raleigh Capital Management Inc. lifted its position in Honeywell International by 42.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after acquiring an additional 76 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.45% of the stock is currently owned by corporate insiders.

Honeywell International Trading Up 0.1 %

Honeywell International stock opened at $205.25 on Friday. The company has a market cap of $133.86 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 2.31 and a beta of 1.02. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The firm has a 50-day moving average of $199.02 and a 200-day moving average of $195.08. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

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, topping the consensus estimate of $2.59 by $0.01. The firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.52 earnings per share. On average, equities analysts expect that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.10%. Honeywell International’s dividend payout ratio is currently 51.00%.

Analyst Ratings Changes

Several research analysts recently commented on HON shares. Barclays raised their target price on Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Royal Bank of Canada reduced their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Wells Fargo & Company raised their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 19th. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $220.89.

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.