Honeywell International Inc. (NASDAQ:HON) Stock Position Lowered by Covington Investment Advisors Inc.

Covington Investment Advisors Inc. trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 0.9% during the 4th quarter, HoldingsChannel reports. The firm owned 27,142 shares of the conglomerate’s stock after selling 257 shares during the quarter. Covington Investment Advisors Inc.’s holdings in Honeywell International were worth $6,131,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its stake in Honeywell International by 6.7% during the 3rd 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. United Bank grew its position in Honeywell International by 2.8% during the third quarter. United Bank now owns 8,183 shares of the conglomerate’s stock valued at $1,692,000 after purchasing an additional 220 shares in the last quarter. Townsquare Capital LLC increased its stake in Honeywell International by 12.5% in the 3rd quarter. Townsquare Capital LLC now owns 23,250 shares of the conglomerate’s stock valued at $4,806,000 after buying an additional 2,589 shares during the period. Freedom Investment Management Inc. lifted its position in Honeywell International by 10.9% in the 3rd quarter. Freedom Investment Management Inc. now owns 3,354 shares of the conglomerate’s stock worth $693,000 after buying an additional 329 shares in the last quarter. Finally, Blueshift Asset Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter valued at $230,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $214.17 on Friday. The firm has a market capitalization of $139.19 billion, a PE ratio of 24.59, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The business’s 50 day moving average is $213.45 and its 200-day moving average is $216.81. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last released 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 return on equity of 35.78% and a net margin of 14.82%. Sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

Wall Street Analyst Weigh In

HON has been the topic of a number of research 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. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Barclays lowered their price target on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research note on Wednesday. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research report on Wednesday, December 11th. Finally, Morgan Stanley boosted their target price 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. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $249.08.

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the business’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 transaction 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 $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.41% of the company’s stock.

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.