Honeywell International Inc. $HON Holdings Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 57.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 229,873 shares of the conglomerate’s stock after selling 315,871 shares during the period. Nisa Investment Advisors LLC’s holdings in Honeywell International were worth $44,846,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Holos Integrated Wealth LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $25,000. Howard Hughes Medical Institute bought a new position in Honeywell International during the 2nd quarter worth $33,000. Barnes Dennig Private Wealth Management LLC grew its stake in Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after buying an additional 118 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in Honeywell International in the third quarter worth $31,000. Finally, Cedar Mountain Advisors LLC increased its position in Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after buying an additional 84 shares during the period. 75.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HON shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Daiwa Securities Group lifted their price objective on shares of Honeywell International from $230.00 to $240.00 in a research report on Tuesday, February 3rd. Mizuho reduced their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Finally, Barclays raised their price target on shares of Honeywell International from $259.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $252.54.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction on 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 sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% 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 over the last quarter. Insiders own 0.41% of the company’s stock.

Honeywell International Trading Up 1.1%

NASDAQ:HON opened at $226.03 on Wednesday. The stock has a market cap of $143.68 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 3.23 and a beta of 0.92. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18. The business has a fifty day moving average of $233.69 and a 200-day moving average of $213.16.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion for 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 revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.47 earnings per share. Equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current 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 paid 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 dividend payout ratio is currently 59.57%.

Honeywell International Company 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.