Honeywell International Inc. (NASDAQ:HON) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 69.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,014 shares of the conglomerate's stock after selling 4,567 shares during the quarter. Main Street Financial Solutions LLC's holdings in Honeywell International were worth $455,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HON. Raymond James Financial Inc. acquired a new stake in shares of Honeywell International in the fourth quarter worth $435,786,000. ING Groep NV grew its position in Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after purchasing an additional 1,574,376 shares during the period. Cibc World Markets Corp raised its stake in shares of Honeywell International by 411.8% during the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after buying an additional 1,018,099 shares during the last quarter. Boston Partners lifted its holdings in shares of Honeywell International by 29.2% in the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate's stock valued at $675,986,000 after buying an additional 677,213 shares during the period. Finally, Cibc World Market Inc. grew its holdings in Honeywell International by 320.5% during the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate's stock worth $193,890,000 after acquiring an additional 654,207 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Price Performance

NASDAQ HON traded up $0.16 during trading hours on Wednesday, hitting $198.53. 1,341,792 shares of the company's stock traded hands, compared to its average volume of 3,648,111. The company has a market capitalization of $127.71 billion, a PE ratio of 22.79, a PEG ratio of 2.51 and a beta of 1.01. 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 Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The firm's 50-day moving average is $205.56 and its 200-day moving average is $216.01.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating 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%. Equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, February 28th. Honeywell International's payout ratio is currently 51.89%.

Wall Street Analysts Forecast Growth

Several research firms have commented on HON. Wells Fargo & Company lowered their price objective on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Friday, February 7th. Royal Bank of Canada lowered their price target 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. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Citigroup dropped their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Barclays reduced their price target on Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $242.15.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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.