Motco Trims Position in Honeywell International Inc. (NASDAQ:HON)

Motco cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 46,510 shares of the conglomerate’s stock after selling 207 shares during the quarter. Motco’s holdings in Honeywell International were worth $10,506,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International during the 3rd quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter valued at approximately $29,000. Hoese & Co LLP acquired a new stake in Honeywell International in the 4th quarter valued at $30,000. Financial Avengers Inc. grew its stake in Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the period. Finally, Planning Capital Management Corp grew its stake in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HON. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. The Goldman Sachs Group lifted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays lowered their target price on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Citigroup lowered 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 report on Monday, January 13th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Insider Activity at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was 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 directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Stock Up 0.4 %

Shares of NASDAQ:HON opened at $212.27 on Friday. The firm’s 50-day moving average is $218.88 and its two-hundred day moving average is $215.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. 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 $137.96 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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%. Analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) 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.