Mcdonald Partners LLC Sells 404 Shares of Honeywell International Inc. (NASDAQ:HON)

Mcdonald Partners LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,880 shares of the conglomerate’s stock after selling 404 shares during the quarter. Honeywell International accounts for about 1.3% of Mcdonald Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Mcdonald Partners LLC’s holdings in Honeywell International were worth $5,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Howard Capital Management Group LLC grew its position in Honeywell International by 6.7% during 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 during the period. V Square Quantitative Management LLC grew its position in shares of Honeywell International by 9.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,054 shares of the conglomerate’s stock valued at $218,000 after acquiring an additional 89 shares during the period. Resonant Capital Advisors LLC increased its stake in shares of Honeywell International by 7.5% in the 3rd quarter. Resonant Capital Advisors LLC now owns 1,354 shares of the conglomerate’s stock worth $280,000 after purchasing an additional 95 shares in the last quarter. OLD National Bancorp IN raised its holdings in Honeywell International by 1.1% in the 3rd quarter. OLD National Bancorp IN now owns 23,949 shares of the conglomerate’s stock worth $4,950,000 after purchasing an additional 250 shares during the period. Finally, Vest Financial LLC lifted its position in Honeywell International by 151.2% during the third quarter. Vest Financial LLC now owns 5,624 shares of the conglomerate’s stock valued at $1,163,000 after purchasing an additional 3,385 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HON has been the topic of several recent research reports. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Morgan Stanley lifted their price target on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Wolfe Research cut shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Wells Fargo & Company lowered their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Finally, Robert W. Baird lowered Honeywell International from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Ten investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Stock Performance

NASDAQ HON opened at $202.75 on Tuesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The business has a 50 day simple moving average of $221.86 and a two-hundred day simple moving average of $215.20. The stock has a market capitalization of $131.84 billion, a PE ratio of 23.28, a P/E/G ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share 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%. On average, research analysts predict that Honeywell International Inc. will post 10.3 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio is 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.