Cary Street Partners Investment Advisory LLC Has $837,000 Stock Position in Honeywell International Inc. (NASDAQ:HON)

Cary Street Partners Investment Advisory LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 61.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,015 shares of the conglomerate’s stock after selling 6,303 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Honeywell International were worth $837,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ledyard National Bank increased its holdings in Honeywell International by 5.2% during the 4th quarter. Ledyard National Bank now owns 38,465 shares of the conglomerate’s stock worth $8,066,000 after purchasing an additional 1,888 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Honeywell International by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 917,812 shares of the conglomerate’s stock valued at $192,474,000 after acquiring an additional 30,183 shares in the last quarter. Adell Harriman & Carpenter Inc. grew its holdings in shares of Honeywell International by 2.1% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 57,231 shares of the conglomerate’s stock valued at $12,002,000 after acquiring an additional 1,189 shares in the last quarter. Intrust Bank NA grew its holdings in shares of Honeywell International by 9.7% in the fourth quarter. Intrust Bank NA now owns 11,758 shares of the conglomerate’s stock valued at $2,466,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Naviter Wealth LLC grew its holdings in shares of Honeywell International by 27.2% in the fourth quarter. Naviter Wealth LLC now owns 9,874 shares of the conglomerate’s stock valued at $2,071,000 after acquiring an additional 2,114 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Down 0.5 %

NASDAQ:HON opened at $192.73 on Wednesday. The company has a market cap of $125.50 billion, a P/E ratio of 22.33, a P/E/G ratio of 2.21 and a beta of 1.02. The stock’s fifty day moving average price is $197.99 and its two-hundred day moving average price is $196.54. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HON) last issued 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 company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter last year, the business posted $2.07 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, analysts expect that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $1.08 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. Honeywell International’s dividend payout ratio is presently 50.06%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HON shares. Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Royal Bank of Canada dropped their price objective 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. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $215.71.

Insider Activity at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the firm’s 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 transaction, the director now directly 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 can be accessed through this link. 0.41% of the stock is owned by insiders.

Honeywell International Profile

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.