Palumbo Wealth Management LLC Has $677,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Palumbo Wealth Management LLC lowered its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 33.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,999 shares of the conglomerate's stock after selling 1,498 shares during the period. Palumbo Wealth Management LLC's holdings in Honeywell International were worth $677,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. bLong Financial LLC acquired a new stake in Honeywell International during the fourth quarter worth approximately $596,000. Everhart Financial Group Inc. lifted its position in Honeywell International by 40.6% during the fourth quarter. Everhart Financial Group Inc. now owns 3,791 shares of the conglomerate's stock worth $856,000 after acquiring an additional 1,094 shares during the last quarter. TigerOak Management L.L.C. acquired a new stake in Honeywell International during the fourth quarter worth approximately $794,000. Congress Asset Management Co. lifted its position in Honeywell International by 12.7% during the fourth quarter. Congress Asset Management Co. now owns 67,092 shares of the conglomerate's stock worth $15,156,000 after acquiring an additional 7,574 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new stake in Honeywell International during the fourth quarter worth approximately $284,000. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HON shares. Wells Fargo & Company cut their price objective on shares of 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. Wolfe Research downgraded shares of Honeywell International from an "outperform" rating to a "peer perform" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. dropped their price target on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada dropped their price target on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Finally, Barclays dropped their price target on shares of Honeywell International from $260.00 to $251.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.71.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction on 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 sale, the vice president now owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. The trade was 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 the SEC website. Insiders own 0.41% of the company's stock.

Honeywell International Price Performance

NASDAQ:HON traded up $2.09 during mid-day trading on Wednesday, reaching $210.13. The stock had a trading volume of 1,684,790 shares, compared to its average volume of 4,023,666. The stock has a 50-day simple moving average of $221.43 and a two-hundred day simple moving average of $215.23. The stock has a market capitalization of $136.64 billion, a PE ratio of 24.11, a P/E/G ratio of 2.41 and a beta of 1.05. 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 Inc. has a 12 month low of $189.75 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.15%. Honeywell International's payout ratio is presently 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.