DAVENPORT & Co LLC Sells 2,071 Shares of Honeywell International Inc. (NASDAQ:HON)

DAVENPORT & Co LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HONFree Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 415,423 shares of the conglomerate’s stock after selling 2,071 shares during the period. DAVENPORT & Co LLC’s holdings in Honeywell International were worth $87,091,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. True Wealth Design LLC bought a new stake in shares of Honeywell International in the 4th quarter worth $31,000. Cordant Inc. purchased a new position in Honeywell International during the fourth quarter valued at $31,000. Fortis Capital Advisors LLC purchased a new position in shares of Honeywell International in the fourth quarter valued at about $46,000. TFO Wealth Partners LLC lifted its position in shares of Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 114 shares in the last quarter. Finally, Altshuler Shaham Ltd purchased a new position in shares of Honeywell International in the fourth quarter valued at about $55,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.9 %

Shares of NASDAQ HON traded down $1.78 during trading hours on Tuesday, reaching $200.23. The stock had a trading volume of 2,615,131 shares, compared to its average volume of 3,063,391. The business’s fifty day moving average price is $199.23 and its two-hundred day moving average price is $195.42. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The firm has a market cap of $130.59 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 2.31 and a beta of 1.02. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87.

Honeywell International (NASDAQ:HONGet Free Report) last posted its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. Honeywell International’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.52 earnings per share. Analysts expect that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is presently 51.00%.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HON shares. Royal Bank of Canada reduced their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Barclays lifted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Wells Fargo & Company boosted their price objective on Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $221.11.

Read Our Latest Analysis on HON

Honeywell International Profile

(Free Report)

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

Further Reading

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

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