Honeywell International Inc. $HON Stock Position Reduced by Mcdonald Partners LLC

Mcdonald Partners LLC decreased its stake in Honeywell International Inc. (NASDAQ:HON) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,080 shares of the conglomerate’s stock after selling 2,690 shares during the quarter. Honeywell International makes up about 1.3% of Mcdonald Partners LLC’s holdings, making the stock its 16th biggest position. Mcdonald Partners LLC’s holdings in Honeywell International were worth $4,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Chancellor Financial Group WB LP boosted its position in Honeywell International by 9.8% during the third quarter. Chancellor Financial Group WB LP now owns 1,125 shares of the conglomerate’s stock valued at $237,000 after purchasing an additional 100 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Honeywell International by 6.0% during the 3rd quarter. Victory Capital Management Inc. now owns 729,335 shares of the conglomerate’s stock worth $153,525,000 after purchasing an additional 41,476 shares in the last quarter. Strive Asset Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $4,686,000. Focus Partners Advisor Solutions LLC increased its holdings in Honeywell International by 29.4% in the third quarter. Focus Partners Advisor Solutions LLC now owns 11,119 shares of the conglomerate’s stock worth $2,259,000 after buying an additional 2,526 shares during the last quarter. Finally, Becker Capital Management Inc. raised its position in Honeywell International by 3.1% during the third quarter. Becker Capital Management Inc. now owns 86,055 shares of the conglomerate’s stock valued at $18,115,000 after acquiring an additional 2,595 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This trade represents a 52.34% 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 over the last three months. 0.41% of the stock is owned by company insiders.

Honeywell International Stock Performance

Shares of HON opened at $243.85 on Wednesday. The company has a market capitalization of $155.01 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 3.59 and a beta of 0.92. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. Honeywell International Inc. has a one year low of $169.21 and a one year high of $248.18. The company’s fifty day moving average price is $223.09 and its 200 day moving average price is $211.21.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period last year, the business posted $2.47 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $1.19 per share. The ex-dividend date is 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%.

Wall Street Analysts Forecast Growth

Several analysts have commented on HON shares. Robert W. Baird boosted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Rothschild & Co Redburn upped their price objective on shares of Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. raised their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Finally, Barclays reaffirmed an “overweight” rating and issued a $275.00 price target on shares of Honeywell International in a research report on Tuesday. Twelve investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $250.17.

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.