Rathbones Group PLC Cuts Stock Holdings in Honeywell International Inc. $HON

Rathbones Group PLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 4.6% during the 3rd quarter, Holdings Channel reports. The fund owned 450,076 shares of the conglomerate’s stock after selling 21,779 shares during the quarter. Rathbones Group PLC’s holdings in Honeywell International were worth $94,741,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute purchased a new stake in Honeywell International during the 2nd quarter worth about $33,000. Barnes Dennig Private Wealth Management LLC boosted its stake in shares of Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after buying an additional 118 shares during the period. Cedar Mountain Advisors LLC boosted its stake in shares of Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after buying an additional 84 shares during the period. SJS Investment Consulting Inc. grew its position in shares of Honeywell International by 833.3% during the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after buying an additional 150 shares in the last quarter. Finally, Cloud Capital Management LLC purchased a new stake in shares of Honeywell International during the third quarter worth approximately $35,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Down 1.3%

HON stock opened at $235.29 on Friday. The stock has a market cap of $149.57 billion, a P/E ratio of 29.45, a PEG ratio of 3.41 and a beta of 0.92. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. The company’s 50 day moving average is $225.66 and its two-hundred day moving average is $211.74.

Honeywell International (NASDAQ:HON) last issued its 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. The business had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.47 EPS. Research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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 issued a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. Honeywell International’s dividend payout ratio (DPR) is currently 59.57%.

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 transaction of $2,415,721.00. Following the completion of the sale, the vice president owned 4,803 shares in the company, valued at $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 is available through this link. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,190 shares of company stock worth $4,244,287 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HON has been the topic of several analyst reports. Evercore raised their target price on shares of Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, January 30th. Daiwa Securities Group raised their price objective on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Barclays lifted their price objective on shares of Honeywell International from $259.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Finally, Vertical Research cut Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research note on Monday, January 5th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $251.22.

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.