Honeywell International Inc. (NASDAQ:HON) Stock Position Trimmed by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 82,527 shares of the conglomerate’s stock after selling 251 shares during the quarter. Honeywell International accounts for 3.8% of First Fiduciary Investment Counsel Inc.’s holdings, making the stock its 4th largest holding. First Fiduciary Investment Counsel Inc.’s holdings in Honeywell International were worth $17,307,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Bryn Mawr Capital Management LLC lifted its position in shares of Honeywell International by 22.1% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 20,469 shares of the conglomerate’s stock valued at $4,292,000 after buying an additional 3,705 shares during the last quarter. Jackson Hole Capital Partners LLC bought a new stake in shares of Honeywell International during the 4th quarter valued at $205,000. Syon Capital LLC raised its stake in shares of Honeywell International by 34.1% during the 4th quarter. Syon Capital LLC now owns 6,161 shares of the conglomerate’s stock valued at $1,292,000 after purchasing an additional 1,565 shares during the period. Meritage Portfolio Management bought a new stake in shares of Honeywell International during the 4th quarter valued at $474,000. Finally, Lyell Wealth Management LP raised its stake in shares of Honeywell International by 0.5% during the 4th quarter. Lyell Wealth Management LP now owns 50,117 shares of the conglomerate’s stock valued at $10,510,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Honeywell International Price Performance

HON opened at $193.45 on Friday. The stock has a 50-day moving average price of $198.18 and a 200-day moving average price of $196.27. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $125.97 billion, a P/E ratio of 22.42, a PEG ratio of 2.21 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the prior year, the business earned $2.07 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts predict that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is presently 50.06%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of analyst reports. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada decreased their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $219.67.

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.