Honeywell International Inc. (NASDAQ:HON) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 148,617 shares of the conglomerate’s stock after selling 5,493 shares during the period. Bahl & Gaynor Inc.’s holdings in Honeywell International were worth $33,571,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its stake in shares of Honeywell International by 6.7% in the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after buying an additional 174 shares in the last quarter. Farther Finance Advisors LLC grew its position in Honeywell International by 19.0% in the third quarter. Farther Finance Advisors LLC now owns 8,025 shares of the conglomerate’s stock valued at $1,659,000 after acquiring an additional 1,279 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Honeywell International by 1.3% during the third quarter. Janney Montgomery Scott LLC now owns 274,004 shares of the conglomerate’s stock valued at $56,640,000 after purchasing an additional 3,645 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Honeywell International by 0.5% during the third quarter. Harbor Capital Advisors Inc. now owns 14,966 shares of the conglomerate’s stock worth $3,094,000 after purchasing an additional 74 shares in the last quarter. Finally, Confluence Wealth Services Inc. boosted its stake in shares of Honeywell International by 25.1% in the third quarter. Confluence Wealth Services Inc. now owns 1,796 shares of the conglomerate’s stock valued at $371,000 after purchasing an additional 360 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HON has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Royal Bank of Canada lowered their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. UBS Group reiterated a “buy” rating and set a $298.00 target price (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Wells Fargo & Company dropped their price target on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Finally, Citigroup reduced their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $248.71.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $212.02 on Tuesday. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The firm has a market capitalization of $137.80 billion, a PE ratio of 24.34, a P/E/G ratio of 2.51 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The business’s fifty day moving average price is $218.27 and its two-hundred day moving average price is $216.07.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, February 28th. Honeywell International’s payout ratio is currently 51.89%.

Honeywell International Company 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.