Honeywell International Inc. $HON Shares Sold by Advisors Management Group Inc. ADV

Advisors Management Group Inc. ADV reduced its stake in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 31.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 17,722 shares of the conglomerate’s stock after selling 7,967 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Honeywell International were worth $3,457,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its holdings in shares of Honeywell International by 28.8% during the 3rd quarter. Franklin Resources Inc. now owns 10,196,543 shares of the conglomerate’s stock valued at $2,146,372,000 after purchasing an additional 2,277,234 shares in the last quarter. Invesco Ltd. increased its holdings in Honeywell International by 11.0% in the third quarter. Invesco Ltd. now owns 6,115,954 shares of the conglomerate’s stock valued at $1,287,408,000 after buying an additional 605,600 shares in the last quarter. Unisphere Establishment raised its position in shares of Honeywell International by 5.4% in the third quarter. Unisphere Establishment now owns 4,215,000 shares of the conglomerate’s stock worth $887,258,000 after acquiring an additional 215,000 shares during the period. SG Americas Securities LLC boosted its stake in shares of Honeywell International by 15,459.1% during the 4th quarter. SG Americas Securities LLC now owns 4,057,960 shares of the conglomerate’s stock worth $791,667,000 after acquiring an additional 4,031,879 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Honeywell International by 1.4% during the 3rd quarter. Capital Research Global Investors now owns 4,046,957 shares of the conglomerate’s stock worth $851,880,000 after acquiring an additional 55,681 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 0.9%

Shares of HON opened at $223.12 on Friday. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The firm’s fifty day moving average is $233.39 and its two-hundred day moving average is $212.99. The stock has a market cap of $141.83 billion, a PE ratio of 27.92, a price-to-earnings-growth ratio of 3.23 and a beta of 0.92.

Honeywell International (NASDAQ:HONGet Free Report) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.47 earnings per share. Research analysts forecast 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 paid a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. Honeywell International’s payout ratio is 59.57%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HON shares. Jefferies Financial Group increased their price target on Honeywell International from $240.00 to $245.00 and gave the stock a “hold” rating in a research report on Wednesday, March 4th. Evercore upped their target price on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. increased their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Robert W. Baird lifted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Vertical Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target for the company. in a report on Monday, January 5th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $252.54.

View Our Latest Report on Honeywell International

Key Headlines Impacting Honeywell International

Here are the key news stories impacting Honeywell International this week:

Insider Buying and Selling at Honeywell International

In other news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president directly owned 4,803 shares in the company, valued at approximately $1,147,917. The trade was a 52.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is owned by company insiders.

Honeywell International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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