John G Ullman & Associates Inc. Reduces Position in Honeywell International Inc. (NASDAQ:HON)

John G Ullman & Associates Inc. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,704 shares of the conglomerate’s stock after selling 1,302 shares during the period. Honeywell International makes up 1.0% of John G Ullman & Associates Inc.’s portfolio, making the stock its 26th biggest position. John G Ullman & Associates Inc.’s holdings in Honeywell International were worth $6,936,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HON. Teachers Insurance & Annuity Association of America bought a new position in Honeywell International in the third quarter valued at about $25,000. Reston Wealth Management LLC bought a new position in Honeywell International in the third quarter valued at about $29,000. Hoese & Co LLP bought a new position in shares of Honeywell International in the fourth quarter worth about $30,000. Financial Avengers Inc. raised its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the period. Finally, Planning Capital Management Corp raised its stake in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Jefferies Financial Group raised their price objective on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Barclays decreased their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Finally, Citigroup decreased their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Honeywell International presently has an average rating of “Moderate Buy” and a consensus target price of $248.71.

Honeywell International Stock Performance

NASDAQ HON opened at $212.89 on Friday. The stock has a market capitalization of $138.36 billion, a PE ratio of 24.44, a P/E/G ratio of 2.51 and a beta of 1.05. The business has a 50 day simple moving average of $218.57 and a two-hundred day simple moving average of $215.85. 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 1-year low of $189.75 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results 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%. On average, research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 2.12%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is 51.89%.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International 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 transaction, the vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Honeywell International 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.