Wealth Alliance Has $1.61 Million Position in Honeywell International Inc. (NASDAQ:HON)

Wealth Alliance lowered its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,137 shares of the conglomerate’s stock after selling 1,535 shares during the period. Wealth Alliance’s holdings in Honeywell International were worth $1,612,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International in the 3rd quarter valued at $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the 3rd quarter valued at $29,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the 4th quarter valued at $30,000. Financial Avengers Inc. lifted its stake in shares of 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 purchasing an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp lifted its stake in shares of 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 purchasing an additional 81 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated 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 $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $210.81 on Thursday. The firm’s 50-day moving average is $221.07 and its 200-day moving average is $215.19. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a market cap of $137.08 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.41 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last posted 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%. Equities research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

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 given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Barclays reduced their price objective on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. 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. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Finally, Jefferies Financial Group boosted their target price on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $248.71.

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.