Creative Financial Designs Inc. ADV Decreases Stock Holdings in Honeywell International Inc. $HON

Creative Financial Designs Inc. ADV trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 83.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 806 shares of the conglomerate’s stock after selling 3,943 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Honeywell International were worth $170,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HON. Brighton Jones LLC increased its position in Honeywell International by 9.1% during the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after purchasing an additional 1,582 shares during the period. Acadian Asset Management LLC increased its position in shares of Honeywell International by 145.7% during the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after buying an additional 2,629 shares during the period. Schnieders Capital Management LLC. raised its stake in Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock worth $1,844,000 after buying an additional 1,223 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in Honeywell International by 15.3% in the second quarter. Westside Investment Management Inc. now owns 415 shares of the conglomerate’s stock worth $97,000 after buying an additional 55 shares during the period. Finally, Bridgewater Advisors Inc. boosted its position in Honeywell International by 17.4% during the 2nd quarter. Bridgewater Advisors Inc. now owns 2,394 shares of the conglomerate’s stock valued at $531,000 after acquiring an additional 355 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

HON 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 stock has a 50-day moving average price of $223.09 and a 200-day moving average price of $211.21. The firm has a market cap of $155.01 billion, a PE ratio of 30.52, a P/E/G ratio of 3.59 and a beta of 0.92. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03.

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, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The business had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same period in the previous year, the company earned $2.47 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced 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. 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 presently 59.57%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction dated 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 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Robert D. Mailloux sold 10,549 shares of the company’s stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at $1,099,887. This represents a 68.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,190 shares of company stock valued at $4,244,287 in the last 90 days. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HON. 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. 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. The Goldman Sachs Group boosted their target price on shares of Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a report on Monday, February 23rd. DZ Bank decreased their price target on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Finally, Citigroup lifted their price target on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Twelve investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.17.

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.