Kimelman & Baird LLC Has $29.03 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Kimelman & Baird LLC reduced its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,518 shares of the conglomerate's stock after selling 1,224 shares during the quarter. Honeywell International comprises approximately 2.3% of Kimelman & Baird LLC's portfolio, making the stock its 18th biggest position. Kimelman & Baird LLC's holdings in Honeywell International were worth $29,031,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Valmark Advisers Inc. grew its stake in Honeywell International by 1.0% in the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock valued at $1,048,000 after purchasing an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. increased its holdings in 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 buying an additional 47 shares during the last quarter. Saxony Capital Management LLC raised its position in Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after acquiring an additional 47 shares in the last quarter. Magnus Financial Group LLC lifted its stake in Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after acquiring an additional 48 shares during the last quarter. Finally, Bill Few Associates Inc. increased its stake in shares of Honeywell International by 0.3% during the 4th 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 during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other 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 value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HON shares. Citigroup cut their target price on Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a report on Tuesday, December 17th. Wells Fargo & Company reduced their target price on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and increased their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. Finally, The Goldman Sachs Group boosted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $249.38.

Honeywell International Price Performance

HON stock traded down $0.77 during midday trading on Friday, reaching $210.12. 6,544,911 shares of the company's stock traded hands, compared to its average volume of 3,223,806. The company has a 50-day simple moving average of $214.19 and a two-hundred day simple moving average of $216.52. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market cap of $136.56 billion, a price-to-earnings ratio of 24.12, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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, analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.15%. The ex-dividend date was Friday, February 28th. Honeywell International's dividend payout ratio is 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.