Honeywell International Inc. (NASDAQ:HON) Shares Sold by Old Port Advisors

Old Port Advisors cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON – Get Rating) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,662 shares of the conglomerate’s stock after selling 91 shares during the period. Honeywell International makes up about 1.0% of Old Port Advisors’ portfolio, making the stock its 28th largest holding. Old Port Advisors’ holdings in Honeywell International were worth $2,714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ironwood Wealth Management LLC. lifted its stake in Honeywell International by 2.9% in the 1st quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock worth $700,000 after purchasing an additional 100 shares in the last quarter. Fairfield Bush & CO. lifted its stake in Honeywell International by 5.4% in the 1st quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock worth $1,864,000 after purchasing an additional 492 shares in the last quarter. United Bank increased its holdings in shares of Honeywell International by 25.0% during the 1st quarter. United Bank now owns 8,404 shares of the conglomerate’s stock worth $1,635,000 after buying an additional 1,683 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Honeywell International by 31.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock worth $151,949,000 after buying an additional 187,936 shares during the last quarter. Finally, AMI Investment Management Inc. increased its holdings in shares of Honeywell International by 16.8% during the 1st quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock worth $224,000 after buying an additional 165 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HON. Morgan Stanley raised their price target on shares of Honeywell International from $209.00 to $213.00 and gave the stock an “equal weight” rating in a report on Friday, February 3rd. UBS Group cut their price target on shares of Honeywell International from $193.00 to $185.00 and set a “sell” rating for the company in a report on Tuesday, February 28th. Citigroup dropped their target price on shares of Honeywell International from $248.00 to $240.00 and set a “buy” rating for the company in a report on Friday, February 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Honeywell International from $242.00 to $235.00 in a report on Friday, February 3rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Honeywell International from $205.00 to $215.00 and gave the company an “overweight” rating in a report on Friday, February 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $214.88.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $184.64 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.25 and a debt-to-equity ratio of 0.87. Honeywell International Inc. has a 52 week low of $166.63 and a 52 week high of $220.96. The firm’s 50 day moving average is $201.18 and its two-hundred day moving average is $199.50. The firm has a market capitalization of $123.37 billion, a P/E ratio of 25.40, a P/E/G ratio of 2.35 and a beta of 1.10.

Honeywell International (NASDAQ:HON – Get Rating) last posted its earnings results on Thursday, February 2nd. The conglomerate reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.51 by $0.01. Honeywell International had a net margin of 14.00% and a return on equity of 32.89%. The firm had revenue of $9.19 billion for the quarter, compared to the consensus estimate of $9.26 billion. During the same period last year, the firm posted $2.09 EPS. The company’s revenue was up 6.1% on a year-over-year basis. Research analysts forecast that Honeywell International Inc. will post 9.03 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were issued a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 2.23%. The ex-dividend date was Thursday, February 23rd. Honeywell International’s payout ratio is currently 56.67%.

About Honeywell International

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.