Honeywell International Inc. (NASDAQ:HON) Position Trimmed by Haverford Trust Co

Haverford Trust Co trimmed its position in Honeywell International Inc. (NASDAQ:HON) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 947,511 shares of the conglomerate’s stock after selling 4,597 shares during the quarter. Honeywell International makes up approximately 2.1% of Haverford Trust Co’s portfolio, making the stock its 15th largest position. Haverford Trust Co owned approximately 0.15% of Honeywell International worth $214,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International during the third quarter valued at about $25,000. Mainstream Capital Management LLC bought a new position in shares of Honeywell International in the 4th quarter worth $25,000. Avalon Trust Co grew its holdings in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Hoese & Co LLP acquired a new position in shares of Honeywell International during the fourth quarter worth about $30,000. Finally, Financial Avengers Inc. boosted its holdings in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HON shares. Royal Bank of Canada dropped their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a research note on Friday, February 7th. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. The Goldman Sachs Group increased their price target on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Barclays decreased their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus price target of $249.38.

Honeywell International Trading Down 0.4 %

NASDAQ:HON opened at $210.12 on Monday. The company has a market cap of $136.56 billion, a P/E ratio of 24.12, a P/E/G ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 1 year low of $189.75 and a 1 year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The stock’s fifty day moving average price is $214.02 and its two-hundred day moving average price is $216.69.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating 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, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.15%. Honeywell International’s payout ratio is 51.89%.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

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.