Honeywell International Inc. (NASDAQ:HON) Stock Position Reduced by Nicholas Company Inc.

Nicholas Company Inc. lowered its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 6.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,745 shares of the conglomerate's stock after selling 17,165 shares during the period. Nicholas Company Inc.'s holdings in Honeywell International were worth $53,478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International in the 3rd quarter worth about $25,000. Mainstream Capital Management LLC bought a new position in Honeywell International in the 4th quarter worth about $25,000. Avalon Trust Co increased its stake in shares of Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the period. Hoese & Co LLP bought a new stake in shares of Honeywell International during the fourth quarter valued at approximately $30,000. Finally, Financial Avengers Inc. boosted its position in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after buying an additional 50 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction on Monday, February 10th. The stock was 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 $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.41% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

Several analysts recently commented on HON shares. HSBC upgraded Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Wells Fargo & Company cut their price objective on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group increased their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the company a "hold" rating in a research note on Tuesday, December 17th. Ten investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $249.38.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $2.24 during trading on Thursday, hitting $210.89. The company had a trading volume of 3,582,881 shares, compared to its average volume of 3,208,709. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The business's 50-day moving average is $214.37 and its 200 day moving average is $216.56. The company has a market cap of $137.06 billion, a P/E ratio of 24.21, a PEG ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

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

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Friday, February 28th. Honeywell International's payout ratio is 51.89%.

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.