IHT Wealth Management LLC Sells 3,981 Shares of Honeywell International Inc. (NASDAQ:HON)

IHT Wealth Management LLC reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 22.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,601 shares of the conglomerate's stock after selling 3,981 shares during the period. IHT Wealth Management LLC's holdings in Honeywell International were worth $3,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Baldwin Wealth Partners LLC MA grew its position in Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock worth $15,203,000 after acquiring an additional 2,611 shares during the last quarter. World Investment Advisors raised its stake in shares of Honeywell International by 137.7% in the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock worth $5,057,000 after acquiring an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. bought a new position in shares of Honeywell International in the fourth quarter worth about $361,000. Costello Asset Management INC acquired a new position in shares of Honeywell International during the fourth quarter worth approximately $3,092,000. Finally, Schroder Investment Management Group grew its stake in shares of Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after purchasing an additional 10,092 shares during the last quarter. Institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 0.8 %

Shares of HON stock traded down $1.58 on Friday, hitting $199.16. The stock had a trading volume of 3,638,739 shares, compared to its average volume of 3,661,123. The firm has a market cap of $128.11 billion, a P/E ratio of 22.87, a PEG ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a fifty day moving average price of $205.24 and a two-hundred day moving average price of $215.80.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. As a group, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HON. Wells Fargo & Company reduced their price objective on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a report on Friday, February 7th. Royal Bank of Canada cut their price target on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Barclays lowered their price objective on Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and upped their target price for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Citigroup lowered their price target on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $242.15.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction 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 represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.