Carret Asset Management LLC Reduces Stock Position in Honeywell International Inc. (NASDAQ:HON)

Carret Asset Management LLC lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,694 shares of the conglomerate’s stock after selling 426 shares during the quarter. Carret Asset Management LLC’s holdings in Honeywell International were worth $1,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Morton Capital Management LLC CA increased its holdings in shares of Honeywell International by 0.9% in the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock valued at $1,077,000 after acquiring an additional 50 shares during the period. Wayfinding Financial LLC increased its holdings in shares of Honeywell International by 3.4% in the 4th quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after acquiring an additional 50 shares during the period. Indiana Trust & Investment Management CO increased its holdings in shares of Honeywell International by 0.9% in the 4th quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock valued at $1,167,000 after acquiring an additional 50 shares during the period. River Street Advisors LLC increased its holdings in shares of Honeywell International by 2.0% in the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock valued at $545,000 after acquiring an additional 50 shares during the period. Finally, Triton Wealth Management PLLC increased its holdings in shares of Honeywell International by 4.7% in the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock valued at $233,000 after acquiring an additional 51 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on 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 transaction, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock traded down $3.81 during trading hours on Thursday, reaching $190.98. 1,736,646 shares of the company’s stock were exchanged, compared to its average volume of 2,990,011. The business has a fifty day moving average price of $198.35 and a 200-day moving average price of $196.25. 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 capitalization of $124.36 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.25 and a beta of 1.02. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the prior year, the business posted $2.07 earnings per share. The business’s revenue was up 2.7% compared to the same quarter last year. Analysts predict that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.26%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is presently 51.00%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays increased their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada cut 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.