Wealthfront Advisers LLC Reduces Position in Honeywell International Inc. (NASDAQ:HON)

Wealthfront Advisers LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 76.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,517 shares of the conglomerate's stock after selling 54,015 shares during the period. Wealthfront Advisers LLC's holdings in Honeywell International were worth $3,731,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HON. Valmark Advisers Inc. increased its stake in shares of 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 purchasing an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. increased its stake in shares of Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock worth $327,000 after purchasing an additional 47 shares in the last quarter. Saxony Capital Management LLC increased its stake in shares of Honeywell International by 4.0% in the fourth 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 increased its stake in shares of 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 in the last quarter. Finally, Bill Few Associates Inc. increased its stake in shares of Honeywell International by 0.3% in the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock worth $3,524,000 after purchasing an additional 49 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

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Honeywell International Trading Up 1.3 %

HON traded up $2.78 on Friday, reaching $209.47. 3,883,848 shares of the company traded hands, compared to its average volume of 4,311,372. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The firm has a fifty day simple moving average of $215.05 and a two-hundred day simple moving average of $216.43. The company has a market cap of $136.14 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

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 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%. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is 51.89%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm'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 owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.41% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Citigroup cut their target price on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Barclays cut their target price on shares of Honeywell International from $260.00 to $251.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. Finally, StockNews.com lowered shares of Honeywell International from a "buy" rating to a "hold" rating in a research report on Monday, December 23rd. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Honeywell International has an average rating of "Hold" and an average target price of $249.38.

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.