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

Shikiar Asset Management Inc. lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 67.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,313 shares of the conglomerate’s stock after selling 4,730 shares during the quarter. Shikiar Asset Management Inc.’s holdings in Honeywell International were worth $451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HON. V Square Quantitative Management LLC purchased a new stake in Honeywell International during the fourth quarter worth $720,000. Maseco LLP purchased a new stake in Honeywell International during the fourth quarter worth $43,000. Personal CFO Solutions LLC boosted its holdings in Honeywell International by 14.2% during the fourth quarter. Personal CFO Solutions LLC now owns 3,780 shares of the conglomerate’s stock worth $737,000 after buying an additional 469 shares in the last quarter. Greenberg Financial Group purchased a new stake in Honeywell International during the fourth quarter worth $260,000. Finally, Capital Investment Advisory Services LLC boosted its holdings in Honeywell International by 4.5% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Up 3.9%

Shares of HON stock opened at $232.47 on Thursday. 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 stock has a market capitalization of $147.78 billion, a P/E ratio of 29.10, a price-to-earnings-growth ratio of 3.32 and a beta of 0.93. The company has a 50 day moving average price of $234.69 and a 200 day moving average price of $213.89. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $248.18.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The firm had revenue of $10.07 billion during 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%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.47 earnings per share. Equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $1.19 dividend. 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 payout ratio is 59.57%.

Insider Buying and Selling

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the transaction, the vice president owned 4,803 shares in the company, valued at $1,099,887. The trade was a 68.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. This trade represents a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,190 shares of company stock valued at $4,244,287 in the last 90 days. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent analyst reports. DZ Bank decreased their price objective on shares of Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Argus raised their price objective on shares of Honeywell International from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Wolfe Research raised their price objective on shares of Honeywell International from $293.00 to $296.00 and gave the stock an “outperform” rating in a research report on Thursday, March 26th. Rothschild & Co Redburn increased their price objective on shares of Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, BMO Capital Markets assumed coverage on shares of Honeywell International in a research report on Friday, March 27th. They set an “outperform” rating and a $273.00 price objective for the company. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and an average target price of $251.83.

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.