Honeywell International Inc. $HON Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 61.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,737 shares of the conglomerate’s stock after selling 4,404 shares during the period. Jackson Square Capital LLC’s holdings in Honeywell International were worth $534,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Holos Integrated Wealth LLC purchased a new position in shares of Honeywell International in the fourth quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC increased its position in shares of Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 118 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Honeywell International in the third quarter worth approximately $31,000. Cedar Mountain Advisors LLC increased its position in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after acquiring an additional 84 shares in the last quarter. Finally, Strive Asset Management LLC purchased a new position in shares of Honeywell International in the third quarter worth approximately $33,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON stock opened at $232.47 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The stock has a market cap of $147.78 billion, a P/E ratio of 29.10, a P/E/G ratio of 3.32 and a beta of 0.93. The firm has a 50 day simple moving average of $234.69 and a 200 day simple moving average of $213.89. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $248.18.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company posted $2.47 earnings per share. Research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, February 27th. Honeywell International’s dividend payout ratio (DPR) is currently 59.57%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HON shares. Mizuho dropped their target price on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price on the stock. in a research report on Monday, January 5th. Robert W. Baird lifted their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Rothschild & Co Redburn lifted their target price on shares of Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Finally, Sanford C. Bernstein set a $255.00 target price on shares of Honeywell International in a research report on Friday, January 16th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.83.

Insider Activity at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares in the company, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of Honeywell International stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares of the company’s stock, valued at $1,147,917. This trade represents a 52.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is currently owned by corporate insiders.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.