Gitterman Wealth Management LLC Sells 97 Shares of Honeywell International Inc. (NASDAQ:HON)

Gitterman Wealth Management LLC reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 3.2% during the fourth quarter, HoldingsChannel reports. The firm owned 2,933 shares of the conglomerate’s stock after selling 97 shares during the period. Honeywell International comprises 0.3% of Gitterman Wealth Management LLC’s portfolio, making the stock its 25th biggest holding. Gitterman Wealth Management LLC’s holdings in Honeywell International were worth $663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Baldwin Wealth Partners LLC MA increased its position in Honeywell International by 4.0% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after buying an additional 2,611 shares in the last quarter. Coordinated Financial Services Inc. bought a new stake in shares of Honeywell International in the 4th quarter valued at approximately $361,000. Costello Asset Management INC bought a new stake in shares of Honeywell International in the 4th quarter valued at approximately $3,092,000. Raymond James Financial Inc. bought a new stake in shares of Honeywell International during the 4th quarter worth approximately $435,786,000. Finally, RIA Advisory Group LLC purchased a new position in Honeywell International during the 3rd quarter worth $6,124,000. 75.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s 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 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 document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.

Honeywell International Trading Up 1.3 %

HON stock opened at $209.47 on Friday. The business has a fifty day simple moving average of $215.05 and a 200-day simple moving average of $216.50. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77. The company has a market cap of $136.14 billion, a price-to-earnings ratio of 24.05, a PEG ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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, equities research analysts expect 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 was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. Honeywell International’s payout ratio is currently 51.89%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Jefferies Financial Group lifted their price target on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Barclays cut their price target on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Morgan Stanley lifted their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $249.38.

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.