Capital Wealth Planning LLC Sells 191,643 Shares of Honeywell International Inc. $HON

Capital Wealth Planning LLC lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 8.3% in the third quarter, Holdings Channel reports. The fund owned 2,124,847 shares of the conglomerate’s stock after selling 191,643 shares during the quarter. Honeywell International comprises 3.2% of Capital Wealth Planning LLC’s investment portfolio, making the stock its 15th biggest holding. Capital Wealth Planning LLC’s holdings in Honeywell International were worth $447,280,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Barnes Dennig Private Wealth Management LLC lifted 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 worth $30,000 after purchasing an additional 118 shares during the period. Howard Hughes Medical Institute bought a new stake in Honeywell International during the second quarter valued at approximately $33,000. Cedar Mountain Advisors LLC increased its holdings in Honeywell International by 116.7% during the third 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 last quarter. SJS Investment Consulting Inc. increased its holdings in Honeywell International by 833.3% during the third quarter. SJS Investment Consulting Inc. now owns 168 shares of the conglomerate’s stock valued at $35,000 after buying an additional 150 shares during the last quarter. Finally, Cloud Capital Management LLC bought a new position in Honeywell International in the third quarter worth approximately $35,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were 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. This trade represents a 7.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,147,917. This trade represents a 52.34% 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 valued at $4,244,287. 0.20% of the stock is owned by corporate insiders.

Honeywell International Price Performance

HON stock opened at $234.50 on Friday. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $248.18. The firm has a market capitalization of $149.07 billion, a P/E ratio of 29.35, a price-to-earnings-growth ratio of 3.38 and a beta of 0.92. The company has a fifty day simple moving average of $229.78 and a two-hundred day simple moving average of $212.41. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.

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

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International’s payout ratio is 59.57%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HON shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Honeywell International in a research report on Monday, December 29th. Vertical Research cut Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a research report on Monday, January 5th. Morgan Stanley upped their price target on Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a research report on Thursday. Daiwa Securities Group raised their price objective on Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Finally, DZ Bank lowered their price objective on Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Twelve equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $251.65.

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.