Simplicity Wealth LLC Sells 2,193 Shares of Honeywell International Inc. (NASDAQ:HON)

Simplicity Wealth LLC trimmed its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 39.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,297 shares of the conglomerate's stock after selling 2,193 shares during the period. Simplicity Wealth LLC's holdings in Honeywell International were worth $745,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Baldwin Wealth Partners LLC MA boosted its holdings in Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock valued at $15,203,000 after purchasing an additional 2,611 shares during the period. Costello Asset Management INC bought a new position in Honeywell International in the 4th quarter valued at $3,092,000. Raymond James Financial Inc. bought a new position in Honeywell International in the 4th quarter valued at $435,786,000. RIA Advisory Group LLC bought a new position in Honeywell International in the 3rd quarter valued at $6,124,000. Finally, Copley Financial Group Inc. bought a new stake in shares of Honeywell International during the 3rd quarter worth $454,000. 75.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Honeywell International Price Performance

HON stock opened at $214.52 on Monday. The firm's 50-day moving average price is $216.76 and its two-hundred day moving average price is $216.39. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The stock has a market capitalization of $139.42 billion, a price-to-earnings ratio of 24.63, a PEG ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

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Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International's payout ratio is 51.89%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HON. Citigroup dropped their price objective on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating for the company in a report on Monday, January 13th. Bank of America lifted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group lifted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada dropped their price objective on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $249.38.

About Honeywell International

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.

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