Fortitude Advisory Group L.L.C. Trims Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Fortitude Advisory Group L.L.C. reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,562 shares of the conglomerate’s stock after selling 133 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Honeywell International were worth $328,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ameriprise Financial Inc. grew its position in shares of Honeywell International by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock worth $1,292,307,000 after buying an additional 347,808 shares in the last quarter. Northern Trust Corp grew its position in shares of Honeywell International by 4.3% during the third quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock worth $1,188,533,000 after buying an additional 263,640 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Honeywell International by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate’s stock worth $656,812,000 after buying an additional 34,135 shares in the last quarter. Barclays PLC grew its position in shares of Honeywell International by 57.3% during the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after buying an additional 1,162,518 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its position in shares of Honeywell International by 51.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after buying an additional 636,104 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HON has been the subject of a number of analyst reports. Barclays boosted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Royal Bank of Canada decreased their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and an average target price of $215.71.

Honeywell International Price Performance

Honeywell International stock traded up $2.57 during midday trading on Wednesday, reaching $195.30. 5,084,572 shares of the company were exchanged, compared to its average volume of 3,038,313. The company has a market capitalization of $127.18 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.23 and a beta of 1.02. The firm’s 50-day simple moving average is $197.99 and its 200-day simple moving average is $196.54. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.07 EPS. On average, analysts anticipate that Honeywell International Inc. will post 9.95 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

About Honeywell International

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.