Kingsview Wealth Management LLC Has $5.82 Million Holdings in Honeywell International Inc. $HON

Kingsview Wealth Management LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 30.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,641 shares of the conglomerate’s stock after selling 11,928 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Honeywell International were worth $5,818,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in HON. 111 Capital lifted its position in Honeywell International by 19.8% during the 3rd quarter. 111 Capital now owns 18,589 shares of the conglomerate’s stock worth $3,913,000 after buying an additional 3,074 shares in the last quarter. WASHINGTON TRUST Co grew its holdings in shares of Honeywell International by 1.0% in the 3rd quarter. WASHINGTON TRUST Co now owns 77,665 shares of the conglomerate’s stock valued at $16,348,000 after acquiring an additional 778 shares in the last quarter. Accent Capital Management LLC increased its position in shares of Honeywell International by 1.4% in the third quarter. Accent Capital Management LLC now owns 19,157 shares of the conglomerate’s stock valued at $4,033,000 after acquiring an additional 262 shares during the last quarter. River Wealth Advisors LLC increased its position in shares of Honeywell International by 1.3% in the third quarter. River Wealth Advisors LLC now owns 7,034 shares of the conglomerate’s stock valued at $1,481,000 after acquiring an additional 88 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in Honeywell International during the third quarter worth about $6,645,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 1.7%

HON stock opened at $243.85 on Wednesday. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $248.18. The business’s 50 day simple moving average is $223.09 and its 200 day simple moving average is $211.21. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $155.01 billion, a PE ratio of 30.52, a PEG ratio of 3.59 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last announced 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 business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter last year, the firm posted $2.47 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $1.19 dividend. The ex-dividend date is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. Honeywell International’s dividend payout ratio is 59.57%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Daiwa Securities Group raised their price target on Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $240.00 in a report on Tuesday, February 3rd. 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 report on Friday, January 30th. Wall Street Zen raised shares of Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Finally, Rothschild & Co Redburn increased their price target on shares of Honeywell International from $222.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $250.17.

Insider Activity

In other news, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This represents a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the transaction, the director owned 31,081 shares in the company, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 18,190 shares of company stock worth $4,244,287. Insiders own 0.41% of the company’s stock.

About Honeywell International

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.