Honeywell International Inc. (NASDAQ:HON) Shares Sold by King Wealth Management Group

King Wealth Management Group lowered its stake in Honeywell International Inc. (NASDAQ:HON) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,029 shares of the conglomerate’s stock after selling 157 shares during the period. King Wealth Management Group’s holdings in Honeywell International were worth $684,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $25,000. Mainstream Capital Management LLC purchased a new position in Honeywell International in the fourth quarter worth $25,000. Hoese & Co LLP acquired a new stake in Honeywell International in the fourth quarter valued at $30,000. Financial Avengers Inc. boosted its position in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Finally, Planning Capital Management Corp grew its stake in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.2 %

HON stock opened at $206.69 on Friday. The stock has a market capitalization of $134.33 billion, a P/E ratio of 23.73, a PEG ratio of 2.51 and a beta of 1.08. 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 Inc. has a one year low of $189.75 and a one year high of $242.77. The company has a 50 day moving average price of $215.39 and a two-hundred day moving average price of $216.39.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.19%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on HON shares. Bank of America raised their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. 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. The Goldman Sachs Group upped their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus target price of $249.38.

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.