ProVise Management Group LLC Has $284,000 Position in Honeywell International Inc. (NASDAQ:HON)

ProVise Management Group LLC reduced its position in shares of Honeywell International Inc. (NASDAQ:HON) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,257 shares of the conglomerate’s stock after selling 288 shares during the period. ProVise Management Group LLC’s holdings in Honeywell International were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International in the 3rd quarter valued at $25,000. Mainstream Capital Management LLC acquired a new position in Honeywell International in the 4th quarter valued at $25,000. Avalon Trust Co raised its holdings in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new position in Honeywell International in the 4th quarter valued at $30,000. Finally, Financial Avengers Inc. raised its holdings in 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 acquiring an additional 50 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on HON. Citigroup dropped their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. JPMorgan Chase & Co. lowered their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group boosted their price target on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Morgan Stanley boosted their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $249.38.

Insider Buying and Selling

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

Honeywell International Trading Down 0.5 %

NASDAQ HON opened at $208.65 on Thursday. The business’s 50-day moving average price is $214.37 and its two-hundred day moving average price is $216.56. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The firm has a market capitalization of $135.61 billion, a PE ratio of 23.96, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

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, beating analysts’ consensus estimates 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, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is currently 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.