CIBC Private Wealth Group LLC Sells 4,491 Shares of Honeywell International Inc. $HON

CIBC Private Wealth Group LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,699 shares of the conglomerate’s stock after selling 4,491 shares during the period. CIBC Private Wealth Group LLC’s holdings in Honeywell International were worth $25,407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock valued at $4,302,000 after acquiring an additional 1,582 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after acquiring an additional 2,629 shares in the last quarter. Schnieders Capital Management LLC. increased its position in Honeywell International by 18.3% during the 2nd quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after purchasing an additional 1,223 shares during the period. Portside Wealth Group LLC increased its position in Honeywell International by 32.2% during the 2nd quarter. Portside Wealth Group LLC now owns 2,006 shares of the conglomerate’s stock valued at $467,000 after purchasing an additional 489 shares during the period. Finally, Greenland Capital Management LP raised its holdings in Honeywell International by 9.9% in the 2nd quarter. Greenland Capital Management LP now owns 1,850 shares of the conglomerate’s stock worth $431,000 after purchasing an additional 166 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HON. Citigroup lifted their target price on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, January 30th. The Goldman Sachs Group increased their price target on shares of Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Robert W. Baird raised their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Daiwa Securities Group lifted their price objective on Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada upped their target price on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Twelve 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $251.65.

Insider Activity at Honeywell International

In related news, VP Robert D. Mailloux sold 5,274 shares of the company’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 sale, the vice president owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the transaction, the director owned 31,081 shares of the company’s stock, valued at $7,459,440. The trade was a 7.08% decrease in their position. The SEC filing for this sale provides additional information. 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 company insiders.

Honeywell International Stock Down 0.4%

Shares of Honeywell International stock opened at $229.02 on Friday. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18. The firm has a market cap of $145.58 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 3.33 and a beta of 0.92. The company has a 50-day moving average of $232.06 and a 200 day moving average of $212.69. 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 posted its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.47 earnings per share. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International’s payout ratio is currently 59.57%.

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.