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

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

Several other institutional investors have also recently modified their holdings of HON. Baldwin Wealth Partners LLC MA boosted its position in Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock valued at $15,203,000 after buying an additional 2,611 shares during the period. World Investment Advisors boosted its holdings in Honeywell International by 137.7% during the 4th quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after acquiring an additional 12,969 shares during the period. Coordinated Financial Services Inc. bought a new position in Honeywell International during the 4th quarter worth approximately $361,000. Costello Asset Management INC purchased a new position in Honeywell International in the 4th quarter worth approximately $3,092,000. Finally, Schroder Investment Management Group lifted its position in Honeywell International by 12.7% in 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. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Down 0.8 %

Shares of NASDAQ HON traded down $1.58 on Friday, reaching $199.16. 3,638,739 shares of the company's stock traded hands, compared to its average volume of 3,661,122. The business's 50 day simple moving average is $205.41 and its two-hundred day simple moving average is $215.86. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a market cap of $128.11 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. 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 posted 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 return on equity of 35.78% and a net margin of 14.82%. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Insider Activity

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International 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 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HON shares. Royal Bank of Canada cut their target price on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a report on Friday, February 7th. Barclays cut their target price on Honeywell International from $251.00 to $247.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Morgan Stanley upped their price target on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. JPMorgan Chase & Co. cut their price objective on Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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 report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of "Hold" and a consensus price target of $242.15.

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.