Honeywell International Inc. (NASDAQ:HON) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC cut its stake in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 5.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,815 shares of the conglomerate’s stock after selling 264 shares during the period. CWA Asset Management Group LLC’s holdings in Honeywell International were worth $1,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Andesa Financial Management Inc. raised its stake in shares of Honeywell International by 23.7% during the 3rd quarter. Andesa Financial Management Inc. now owns 2,229 shares of the conglomerate’s stock worth $376,000 after buying an additional 427 shares during the last quarter. Cypress Capital Management LLC raised its stake in shares of Honeywell International by 166.1% during the 3rd quarter. Cypress Capital Management LLC now owns 3,802 shares of the conglomerate’s stock worth $635,000 after buying an additional 2,373 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Honeywell International during the 2nd quarter worth $844,000. First Financial Corp IN raised its stake in shares of Honeywell International by 3.1% during the 3rd quarter. First Financial Corp IN now owns 6,443 shares of the conglomerate’s stock worth $1,076,000 after buying an additional 195 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Honeywell International by 98.8% during the 3rd quarter. Ritholtz Wealth Management now owns 12,787 shares of the conglomerate’s stock worth $2,135,000 after buying an additional 6,354 shares during the last quarter. Institutional investors and hedge funds own 74.30% of the company’s stock.

Honeywell International Stock Down 2.4 %

HON opened at $184.64 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.25 and a quick ratio of 0.98. Honeywell International Inc. has a 12 month low of $166.63 and a 12 month high of $220.96. The stock has a market capitalization of $123.37 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 2.40 and a beta of 1.10. The business has a 50-day moving average of $201.18 and a two-hundred day moving average of $199.27.

Honeywell International (NASDAQ:HON – Get Rating) last issued its earnings results on Thursday, February 2nd. The conglomerate reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.01. Honeywell International had a return on equity of 32.89% and a net margin of 14.00%. The business had revenue of $9.19 billion during the quarter, compared to analysts’ expectations of $9.26 billion. During the same quarter in the previous year, the business earned $2.09 EPS. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, research analysts expect that Honeywell International Inc. will post 9.03 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were issued a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Thursday, February 23rd. Honeywell International’s payout ratio is currently 56.67%.

Wall Street Analyst Weigh In

HON has been the subject of several research reports. Barclays lifted their price target on Honeywell International from $212.00 to $229.00 in a research note on Thursday, December 1st. Morgan Stanley lifted their price objective on Honeywell International from $209.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, February 3rd. Wells Fargo & Company lifted their price objective on Honeywell International from $206.00 to $209.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 19th. JPMorgan Chase & Co. lifted their price objective on Honeywell International from $205.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, February 3rd. Finally, UBS Group dropped their price objective on Honeywell International from $193.00 to $185.00 and set a “sell” rating for the company in a research report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $214.88.

About Honeywell International

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.