Honeywell International Inc. (NASDAQ:HON) is Haverford Financial Services Inc.'s 8th Largest Position

Haverford Financial Services Inc. cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,878 shares of the conglomerate's stock after selling 3,401 shares during the period. Honeywell International makes up about 4.3% of Haverford Financial Services Inc.'s holdings, making the stock its 8th largest holding. Haverford Financial Services Inc.'s holdings in Honeywell International were worth $13,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in HON. Howard Capital Management Group LLC raised its position in shares of Honeywell International by 6.7% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock valued at $571,000 after buying an additional 174 shares during the period. United Bank raised its position in Honeywell International by 2.8% in the third quarter. United Bank now owns 8,183 shares of the conglomerate's stock valued at $1,692,000 after purchasing an additional 220 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Honeywell International in the 3rd quarter valued at $412,000. Advisors Asset Management Inc. grew its holdings in shares of Honeywell International by 2.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 16,484 shares of the conglomerate's stock worth $3,407,000 after purchasing an additional 425 shares during the period. Finally, LPL Financial LLC increased its position in shares of Honeywell International by 6.5% during the 3rd quarter. LPL Financial LLC now owns 693,852 shares of the conglomerate's stock worth $143,426,000 after purchasing an additional 42,256 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

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Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the business's 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 transaction, the vice president now directly owns 41,580 shares in the company, 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. Corporate insiders own 0.41% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Barclays cut their target price on Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research report on Wednesday. Wells Fargo & Company lowered their price target 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and boosted their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $249.08.

Honeywell International Stock Up 0.5 %

NASDAQ:HON traded up $1.05 during midday trading on Thursday, hitting $214.17. 3,584,255 shares of the company were exchanged, compared to its average volume of 3,248,046. The company has a market capitalization of $139.19 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The company has a fifty day simple moving average of $213.45 and a 200 day simple moving average of $216.81.

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

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.11%. Honeywell International's dividend payout ratio (DPR) is currently 51.89%.

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.