Carret Asset Management LLC Sells 426 Shares of Honeywell International Inc. (NASDAQ:HON)

Carret Asset Management LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,694 shares of the conglomerate’s stock after selling 426 shares during the period. Carret Asset Management LLC’s holdings in Honeywell International were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new position in shares of Honeywell International during the fourth quarter worth approximately $31,000. Cordant Inc. purchased a new position in Honeywell International during the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. purchased a new position in Honeywell International during the fourth quarter valued at approximately $37,000. TFO Wealth Partners LLC increased its holdings in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after buying an additional 114 shares during the period. Finally, Wetzel Investment Advisors Inc. purchased a new position in Honeywell International during the fourth quarter valued at approximately $48,000. Institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $3.81 on Thursday, hitting $190.98. 1,736,646 shares of the company were exchanged, compared to its average volume of 2,990,011. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The stock’s 50 day moving average price is $198.35 and its 200 day moving average price is $196.25. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $124.36 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the firm posted $2.07 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.26%. Honeywell International’s dividend payout ratio is presently 51.00%.

Analyst Upgrades and Downgrades

HON has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays lifted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $219.67.

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.