Adell Harriman & Carpenter Inc. Decreases Stake in Honeywell International Inc. (NASDAQ:HON)

Adell Harriman & Carpenter Inc. reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,216 shares of the conglomerate's stock after selling 1,532 shares during the quarter. Adell Harriman & Carpenter Inc.'s holdings in Honeywell International were worth $11,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Wedge Capital Management L L P NC lifted its holdings in shares of Honeywell International by 4.5% in the third quarter. Wedge Capital Management L L P NC now owns 1,226 shares of the conglomerate's stock worth $253,000 after buying an additional 53 shares in the last quarter. Creative Planning lifted its holdings in shares of Honeywell International by 6.2% in the third quarter. Creative Planning now owns 230,532 shares of the conglomerate's stock worth $47,653,000 after buying an additional 13,420 shares in the last quarter. Vontobel Holding Ltd. raised its stake in Honeywell International by 15.6% during the third quarter. Vontobel Holding Ltd. now owns 20,313 shares of the conglomerate's stock valued at $4,199,000 after purchasing an additional 2,742 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Honeywell International by 8.4% during the third quarter. Cornerstone Wealth Management LLC now owns 2,978 shares of the conglomerate's stock valued at $616,000 after purchasing an additional 231 shares in the last quarter. Finally, One Wealth Advisors LLC raised its stake in Honeywell International by 10.1% during the third quarter. One Wealth Advisors LLC now owns 1,354 shares of the conglomerate's stock valued at $280,000 after purchasing an additional 124 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HON. Citigroup decreased their price target on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. The Goldman Sachs Group boosted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Royal Bank of Canada cut their price objective on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. HSBC upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price objective on the stock in a research report on Wednesday, December 11th. Finally, Wolfe Research cut shares of Honeywell International from an "outperform" rating to a "peer perform" rating in a research report on Monday, October 28th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $248.71.

Honeywell International Stock Up 2.6 %

Honeywell International stock traded up $5.29 during midday trading on Tuesday, hitting $208.04. 4,896,669 shares of the company's stock were exchanged, compared to its average volume of 4,100,424. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.12 and a current ratio of 1.31. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The firm has a 50-day moving average of $221.86 and a two-hundred day moving average of $215.20. The company has a market cap of $135.28 billion, a PE ratio of 23.89, a P/E/G ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, analysts expect that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, February 28th. Honeywell International's payout ratio is 51.89%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.