Convergence Investment Partners LLC Trims Stake in Honeywell International Inc. (NASDAQ:HON)

Convergence Investment Partners LLC reduced its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,923 shares of the conglomerate’s stock after selling 65 shares during the quarter. Convergence Investment Partners LLC’s holdings in Honeywell International were worth $1,338,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HON. Howard Capital Management Group LLC raised 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 acquiring an additional 174 shares in the last quarter. Calton & Associates Inc. raised its position in Honeywell International by 22.3% during the third quarter. Calton & Associates Inc. now owns 1,839 shares of the conglomerate’s stock valued at $380,000 after acquiring an additional 335 shares in the last quarter. Accordant Advisory Group Inc raised its position in Honeywell International by 71.9% during the third quarter. Accordant Advisory Group Inc now owns 478 shares of the conglomerate’s stock valued at $99,000 after acquiring an additional 200 shares in the last quarter. Tempus Wealth Planning LLC grew its holdings in Honeywell International by 2.3% in the third quarter. Tempus Wealth Planning LLC now owns 7,248 shares of the conglomerate’s stock valued at $1,498,000 after purchasing an additional 162 shares during the period. Finally, Community Trust & Investment Co. grew its holdings in Honeywell International by 0.9% in the third quarter. Community Trust & Investment Co. now owns 101,503 shares of the conglomerate’s stock valued at $20,982,000 after purchasing an additional 922 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 1.3 %

Shares of HON opened at $210.81 on Thursday. The stock has a fifty day simple moving average of $221.07 and a two-hundred day simple moving average of $215.19. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $137.08 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.05. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.14%. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Wall Street Analysts Forecast Growth

HON has been the topic of a number of research analyst reports. Citigroup dropped their price target 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. UBS Group reaffirmed a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. The Goldman Sachs Group lifted their target price 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. Morgan Stanley upped 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 report on Tuesday, February 11th. Finally, Barclays lowered their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

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.