Honeywell International Inc. (NASDAQ:HON) Stake Lessened by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 41.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,353 shares of the conglomerate’s stock after selling 2,396 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Honeywell International were worth $757,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Baldwin Wealth Partners LLC MA grew its stake in shares of Honeywell International by 4.0% in the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after purchasing an additional 2,611 shares during the last quarter. Costello Asset Management INC bought a new stake in Honeywell International during the fourth quarter worth approximately $3,092,000. RIA Advisory Group LLC acquired a new position in Honeywell International in the third quarter worth approximately $6,124,000. Copley Financial Group Inc. bought a new position in shares of Honeywell International in the third quarter valued at $454,000. Finally, Sargent Investment Group LLC lifted its position in shares of Honeywell International by 268.6% during the 4th quarter. Sargent Investment Group LLC now owns 5,602 shares of the conglomerate’s stock valued at $1,227,000 after acquiring an additional 4,082 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

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 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 in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a research report on Wednesday, December 11th. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Finally, Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $223.00 to $217.00 in a research note on Friday, October 25th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $210.81 on Thursday. 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 one year low of $189.75 and a one year high of $242.77. The business’s 50-day moving average price is $221.07 and its two-hundred day moving average price is $215.19. The company has a market capitalization of $137.08 billion, a P/E ratio of 24.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.05.

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

Honeywell International Dividend Announcement

The firm also recently disclosed 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 2.14%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

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.