Wambolt & Associates LLC Sells 1,717 Shares of Honeywell International Inc. (NASDAQ:HON)

Wambolt & Associates LLC trimmed its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,003 shares of the conglomerate's stock after selling 1,717 shares during the period. Wambolt & Associates LLC's holdings in Honeywell International were worth $2,486,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HON. Mainstream Capital Management LLC acquired a new position in Honeywell International during the 4th quarter worth $25,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International during the third quarter valued at $25,000. Avalon Trust Co boosted its holdings in 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 acquiring an additional 75 shares during the last quarter. Hoese & Co LLP acquired a new stake in Honeywell International in the fourth quarter worth about $30,000. Finally, Financial Avengers Inc. lifted its position in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock valued at $32,000 after purchasing an additional 50 shares during the period. 75.91% of the stock is owned by institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction that occurred 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 transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.41% of the company's stock.

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Honeywell International Stock Down 1.8 %

Shares of Honeywell International stock traded down $3.83 during trading on Friday, reaching $210.34. The stock had a trading volume of 3,253,329 shares, compared to its average volume of 3,488,591. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $136.70 billion, a price-to-earnings ratio of 24.15, a P/E/G ratio of 2.51 and a beta of 1.08. The stock has a fifty day moving average price of $213.21 and a two-hundred day moving average price of $216.98. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON - Get Free Report) last released its 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%. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.13 per share. The ex-dividend date was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.15%. Honeywell International's dividend payout ratio (DPR) is presently 51.89%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. HSBC upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a research report on Wednesday, December 11th. Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a report on Tuesday, December 17th. The Goldman Sachs Group upped their price target on Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. Finally, StockNews.com downgraded shares of Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, December 23rd. Ten investment 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 company's stock. According to MarketBeat, Honeywell International currently has an average rating of "Hold" and a consensus price target of $249.08.

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.