Honeywell International Inc. $HON Shares Sold by Northeast Investment Management

Northeast Investment Management lessened its position in shares of Honeywell International Inc. (NASDAQ:HON) by 8.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 109,983 shares of the conglomerate’s stock after selling 9,935 shares during the period. Northeast Investment Management’s holdings in Honeywell International were worth $23,151,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have recently weighed in on HON shares. Jefferies Financial Group boosted their price objective on shares of Honeywell International from $220.00 to $240.00 in a research report on Tuesday, February 3rd. DZ Bank reduced their price target on shares of Honeywell International from $248.00 to $237.00 in a research report on Tuesday, December 23rd. Evercore raised their price objective on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. The Goldman Sachs Group cut their target price on Honeywell International from $245.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, December 16th. Finally, HSBC decreased their target price on Honeywell International from $290.00 to $266.00 and set a “buy” rating for the company in a research report on Tuesday, November 11th. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $244.50.

Insiders Place Their Bets

In other news, VP Robert D. Mailloux sold 5,274 shares of the firm’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 value of $1,260,486.00. Following the completion of the sale, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Trading Up 0.5%

Shares of HON stock opened at $242.65 on Wednesday. The company has a market capitalization of $154.06 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 3.50 and a beta of 0.94. The company has a current ratio of 1.32, a quick ratio of 1.05 and a debt-to-equity ratio of 1.76. The business’s 50 day moving average is $213.74 and its two-hundred day moving average is $209.46. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $245.63.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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 net margin of 12.74% and a return on equity of 40.40%. The company had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the prior year, the firm earned $2.47 EPS. Honeywell International’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

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

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.