Honeywell International Inc. (NASDAQ:HON) Stock Holdings Lessened by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC reduced its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,061 shares of the conglomerate’s stock after selling 334 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Honeywell International were worth $691,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its position in shares of Honeywell International by 10.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 204,403 shares of the conglomerate’s stock worth $46,173,000 after buying an additional 19,366 shares during the last quarter. Avantax Planning Partners Inc. lifted its position in shares of Honeywell International by 1.4% in the 4th quarter. Avantax Planning Partners Inc. now owns 3,441 shares of the conglomerate’s stock worth $777,000 after buying an additional 49 shares during the last quarter. GC Wealth Management RIA LLC lifted its position in shares of Honeywell International by 2.1% in the 4th quarter. GC Wealth Management RIA LLC now owns 7,322 shares of the conglomerate’s stock worth $1,654,000 after buying an additional 153 shares during the last quarter. Cornerstone Advisors LLC lifted its position in shares of Honeywell International by 1.2% in the 4th quarter. Cornerstone Advisors LLC now owns 40,600 shares of the conglomerate’s stock worth $9,171,000 after buying an additional 500 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its position in shares of Honeywell International by 0.9% in the 4th quarter. Citizens Financial Group Inc. RI now owns 93,183 shares of the conglomerate’s stock worth $21,049,000 after buying an additional 828 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HON. Royal Bank of Canada cut their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research report on Friday, February 7th. JPMorgan Chase & Co. cut their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Morgan Stanley lifted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Finally, Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $249.38.

Honeywell International Stock Performance

Shares of HON opened at $206.69 on Friday. The firm’s 50 day moving average is $215.39 and its 200-day moving average is $216.39. The stock has a market capitalization of $134.33 billion, a P/E ratio of 23.73, a P/E/G ratio of 2.51 and a beta of 1.08. 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 12-month low of $189.75 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last announced 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 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.19%. Honeywell International’s dividend payout ratio is currently 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 shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

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.