Cerity Partners LLC Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Cerity Partners LLC cut its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 437,128 shares of the conglomerate's stock after selling 36,212 shares during the quarter. Cerity Partners LLC owned about 0.07% of Honeywell International worth $96,839,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Valmark Advisers Inc. lifted its position in Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock valued at $1,048,000 after buying an additional 45 shares during the period. ZWJ Investment Counsel Inc. lifted its position in Honeywell International by 3.4% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after acquiring an additional 47 shares during the period. Saxony Capital Management LLC boosted its stake in Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC grew its holdings in Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock worth $2,019,000 after purchasing an additional 48 shares during the period. Finally, Bill Few Associates Inc. increased its stake in shares of Honeywell International by 0.3% during the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock valued at $3,524,000 after purchasing an additional 49 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms recently weighed in on HON. Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Barclays cut their price objective on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Citigroup decreased their target price on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a report on Monday, January 13th. Finally, Jefferies Financial Group increased their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a report on Tuesday, December 17th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $245.00.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $5.16 during mid-day trading on Friday, reaching $198.55. The company's stock had a trading volume of 5,102,399 shares, compared to its average volume of 3,625,920. The stock has a fifty day moving average of $207.27 and a two-hundred day moving average of $216.42. The firm has a market capitalization of $129.04 billion, a PE ratio of 22.80, a P/E/G ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 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, sell-side analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.28%. Honeywell International's dividend payout ratio (DPR) is 51.89%.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares of the company's stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is currently owned by insiders.

Honeywell International Profile

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.