Prudent Man Advisors LLC Has $1.28 Million Stake in Honeywell International Inc. $HON

Prudent Man Advisors LLC lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 26.0% in the third quarter, Holdings Channel reports. The institutional investor owned 6,055 shares of the conglomerate’s stock after selling 2,127 shares during the period. Prudent Man Advisors LLC’s holdings in Honeywell International were worth $1,275,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HON. Howard Hughes Medical Institute bought a new position in Honeywell International during the second quarter valued at about $33,000. Barnes Dennig Private Wealth Management LLC increased its holdings in 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 raised 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 in the last quarter. SJS Investment Consulting Inc. lifted its holdings in shares of Honeywell International by 833.3% during the 3rd quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock worth $35,000 after acquiring an additional 150 shares during the period. Finally, Cloud Capital Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter valued at about $35,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $239.44 on Thursday. The company has a market capitalization of $152.21 billion, a PE ratio of 29.97, a P/E/G ratio of 3.49 and a beta of 0.92. Honeywell International Inc. has a fifty-two week low of $169.21 and a fifty-two week high of $248.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The company has a 50 day simple moving average of $228.24 and a two-hundred day simple moving average of $212.16.

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

Honeywell International Dividend Announcement

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

Insider Activity

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of Honeywell International 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 completion of the sale, the director directly owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. 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 valued at $4,244,287. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of a number of research analyst reports. Bank of America reaffirmed an “underperform” rating and set a $205.00 price target (down from $265.00) on shares of Honeywell International in a research report on Tuesday, November 18th. Wolfe Research raised Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price objective for the company in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Honeywell International from $273.00 to $292.00 and gave the stock a “buy” rating in a report on Wednesday, March 4th. Robert W. Baird lifted their price objective 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. Finally, Wall Street Zen upgraded Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.22.

Honeywell International 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.