West Michigan Advisors LLC Reduces Holdings in Honeywell International Inc. (NASDAQ:HON)

West Michigan Advisors LLC lowered its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,301 shares of the conglomerate’s stock after selling 63 shares during the period. West Michigan Advisors LLC’s holdings in Honeywell International were worth $746,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Noble Wealth Management PBC purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $49,000. Fisher Asset Management LLC increased its stake in shares of Honeywell International by 0.8% in the fourth quarter. Fisher Asset Management LLC now owns 168,752 shares of the conglomerate’s stock worth $38,120,000 after buying an additional 1,402 shares during the last quarter. Noesis Capital Mangement Corp bought a new stake in shares of Honeywell International in the fourth quarter worth $207,000. SVB Wealth LLC bought a new stake in shares of Honeywell International in the fourth quarter worth $16,689,000. Finally, Dynasty Wealth Management LLC increased its stake in shares of Honeywell International by 52.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock worth $2,559,000 after buying an additional 3,879 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. The Goldman Sachs Group lifted their price target 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. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Royal Bank of Canada dropped their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Barclays decreased their price objective on shares of Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Honeywell International presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

Honeywell International Stock Up 0.3 %

Honeywell International stock opened at $212.89 on Friday. The company has a 50-day simple moving average of $218.57 and a 200-day simple moving average of $215.72. The firm has a market capitalization of $138.36 billion, a P/E ratio of 24.44, a P/E/G ratio of 2.51 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 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%. As a group, equities analysts expect 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 will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $1.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s dividend payout ratio is presently 51.89%.

Insider Activity at Honeywell International

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 in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by insiders.

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.