Choate Investment Advisors Sells 1,499 Shares of Honeywell International Inc. (NASDAQ:HON)

Choate Investment Advisors trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,776 shares of the conglomerate's stock after selling 1,499 shares during the quarter. Choate Investment Advisors' holdings in Honeywell International were worth $10,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International in the third quarter worth approximately $25,000. Mainstream Capital Management LLC bought a new position in Honeywell International during the 4th quarter worth approximately $25,000. Hoese & Co LLP acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $30,000. Financial Avengers Inc. boosted its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Finally, Hopwood Financial Services Inc. acquired a new stake in shares of Honeywell International during the fourth quarter worth $44,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now owns 41,580 shares of the company's stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is owned by company insiders.

Remove Ads

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HON shares. Royal Bank of Canada dropped their target price on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Morgan Stanley upped their target price on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Jefferies Financial Group lifted their target price on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. The Goldman Sachs Group increased their price target on Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Citigroup dropped their target price on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $249.38.

Honeywell International Stock Up 1.1 %

NASDAQ:HON traded up $2.24 during trading hours on Thursday, hitting $210.89. 3,582,470 shares of the company traded hands, compared to its average volume of 3,208,708. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market cap of $137.06 billion, a PE ratio of 24.21, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The firm's 50-day simple moving average is $214.37 and its 200-day simple moving average is $216.56.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly 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%. Equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's payout ratio is currently 51.89%.

Honeywell International Company 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.