Mercer Global Advisors Inc. ADV Trims Stock Position in Honeywell International Inc. (NASDAQ:HON)

Mercer Global Advisors Inc. ADV trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 14.5% in the 4th quarter, Holdings Channel reports. The firm owned 75,667 shares of the conglomerate’s stock after selling 12,846 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Honeywell International were worth $17,092,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Mainstream Capital Management LLC purchased a new position in Honeywell International in the 4th quarter worth approximately $25,000. Avalon Trust Co grew its position in Honeywell International by 166.7% in the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Hoese & Co LLP bought a new position in Honeywell International in the fourth quarter valued at $30,000. Curio Wealth LLC purchased a new stake in Honeywell International during the fourth quarter valued at about $35,000. Finally, Alexis Investment Partners LLC bought a new stake in Honeywell International during the fourth quarter worth about $37,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction on 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 sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HON. Citigroup reduced their price objective on Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Morgan Stanley lifted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. Barclays cut their price objective on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada boosted their price target on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $241.46.

Honeywell International Trading Up 1.6 %

NASDAQ HON opened at $214.13 on Friday. The stock has a market cap of $137.74 billion, a P/E ratio of 24.58, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a 50 day simple moving average of $205.07 and a two-hundred day simple moving average of $215.59. 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) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. During the same quarter in the previous year, the business posted $2.25 earnings per share. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Friday, May 16th. Honeywell International’s payout ratio is currently 51.95%.

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.