Honeywell International Inc. (NASDAQ:HON) Shares Sold by Ellenbecker Investment Group

Ellenbecker Investment Group reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 6,219 shares of the conglomerate’s stock after selling 161 shares during the quarter. Ellenbecker Investment Group’s holdings in Honeywell International were worth $1,304,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of HON. Rakuten Securities Inc. acquired a new stake in shares of Honeywell International in the fourth quarter worth approximately $31,000. Cordant Inc. acquired a new position in Honeywell International during the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new position in Honeywell International during the fourth quarter valued at approximately $37,000. TFO Wealth Partners LLC lifted its position in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after buying an additional 114 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in Honeywell International during the fourth quarter valued at approximately $48,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Up 0.3 %

Shares of NASDAQ:HON traded up $0.58 during midday trading on Tuesday, reaching $196.16. The company had a trading volume of 2,554,614 shares, compared to its average volume of 3,000,230. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The stock’s fifty day moving average price is $198.31 and its 200-day moving average price is $196.18. The stock has a market capitalization of $127.74 billion, a P/E ratio of 23.19, a PEG ratio of 2.23 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.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. The company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.52 earnings per share. Equities research analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is 51.00%.

Analyst Ratings Changes

A number of brokerages have weighed in on HON. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $219.67.

Insider Buying and Selling at Honeywell International

In other Honeywell International 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 completion of the sale, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is owned by corporate insiders.

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.