C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Lowers Stake in Honeywell International Inc. (NASDAQ:HON)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lowered its position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 41.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,353 shares of the conglomerate's stock after selling 2,396 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors' holdings in Honeywell International were worth $757,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP boosted its position in shares of Honeywell International by 8.4% during the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate's stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Honeywell International by 24,683.3% during the 3rd quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate's stock worth $1,961,070,000 after purchasing an additional 944,876 shares in the last quarter. Cibc World Market Inc. boosted its position in shares of Honeywell International by 320.5% during the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate's stock worth $193,890,000 after purchasing an additional 654,207 shares in the last quarter. Mizuho Securities USA LLC boosted its position in shares of Honeywell International by 1,147.0% during the 3rd quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate's stock worth $129,415,000 after purchasing an additional 575,865 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Honeywell International by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate's stock worth $2,959,535,000 after purchasing an additional 547,998 shares in the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $0.38 on Friday, reaching $211.73. 2,191,597 shares of the company traded hands, compared to its average volume of 4,055,594. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a 50 day moving average of $220.74 and a 200 day moving average of $215.17. The firm has a market capitalization of $137.61 billion, a PE ratio of 24.31, a PEG ratio of 2.50 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 (NASDAQ:HON - Get Free Report) last released its earnings results 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%. Equities analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wolfe Research lowered shares of Honeywell International from an "outperform" rating to a "peer perform" rating in a report on Monday, October 28th. Hsbc Global Res upgraded shares of Honeywell International to a "strong-buy" rating in a report on Wednesday, December 11th. Citigroup lowered their target price on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Robert W. Baird lowered shares of Honeywell International from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $223.00 to $217.00 in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $248.71.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the firm'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 directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is owned by insiders.

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.