West Oak Capital LLC Sells 70 Shares of Honeywell International Inc. (NASDAQ:HON)

West Oak Capital LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,110 shares of the conglomerate’s stock after selling 70 shares during the period. West Oak Capital LLC’s holdings in Honeywell International were worth $424,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. True Wealth Design LLC bought a new position in shares of Honeywell International during the fourth quarter worth $31,000. TFO Wealth Partners LLC lifted its holdings in shares of Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after acquiring an additional 114 shares during the last quarter. Fortis Capital Advisors LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $46,000. Raleigh Capital Management Inc. grew its position in Honeywell International by 42.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after acquiring an additional 76 shares during the last quarter. Finally, Impact Partnership Wealth LLC grew its holdings in shares of Honeywell International by 47.6% in the third quarter. Impact Partnership Wealth LLC now owns 273 shares of the conglomerate’s stock worth $50,000 after purchasing an additional 88 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Up 0.4 %

Honeywell International stock traded up $0.75 during mid-day trading on Thursday, hitting $205.88. The company had a trading volume of 465,893 shares, compared to its average volume of 3,032,307. The business has a fifty day moving average of $198.87 and a 200 day moving average of $195.01. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The stock has a market cap of $134.27 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.70 billion. During the same period in the previous year, the company posted $2.52 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.45% of the company’s stock.

Wall Street Analyst Weigh In

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