Honeywell International Inc. (NASDAQ:HON) Shares Sold by Hoey Investments Inc.

Hoey Investments Inc. lowered its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 35.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,200 shares of the conglomerate's stock after selling 1,200 shares during the period. Hoey Investments Inc.'s holdings in Honeywell International were worth $497,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valmark Advisers Inc. boosted its holdings in Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after acquiring an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. raised its position in shares of Honeywell International by 3.4% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after purchasing an additional 47 shares during the last quarter. Saxony Capital Management LLC boosted its stake in Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock worth $277,000 after purchasing an additional 47 shares in the last quarter. Magnus Financial Group LLC grew its position in Honeywell International by 0.5% during the 4th 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 last quarter. Finally, Bill Few Associates Inc. increased its stake in Honeywell International by 0.3% during the 4th 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. Institutional investors own 75.91% of the company's stock.

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Honeywell International Trading Down 4.3 %

Shares of HON traded down $8.92 during midday trading on Friday, reaching $197.76. The company had a trading volume of 3,102,607 shares, compared to its average volume of 3,510,198. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. 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 firm has a 50 day simple moving average of $212.24 and a 200-day simple moving average of $217.11. The stock has a market cap of $128.53 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

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

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the company'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 transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HON shares. Deutsche Bank Aktiengesellschaft raised shares of 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. Barclays cut their price objective on Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. The Goldman Sachs Group upped their target price on Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group upped their price objective 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 research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has an average rating of "Hold" and an average price target of $249.08.

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.