Two Point Capital Management Inc. Sells 859 Shares of Honeywell International Inc. (NASDAQ:HON)

Two Point Capital Management Inc. decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 1.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,710 shares of the conglomerate’s stock after selling 859 shares during the quarter. Honeywell International accounts for 4.8% of Two Point Capital Management Inc.’s holdings, making the stock its 8th largest position. Two Point Capital Management Inc.’s holdings in Honeywell International were worth $10,425,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Impact Partnership Wealth LLC boosted its stake in shares of Honeywell International by 47.6% during the 3rd quarter. Impact Partnership Wealth LLC now owns 273 shares of the conglomerate’s stock valued at $50,000 after buying an additional 88 shares during the period. Royal Fund Management LLC acquired a new stake in shares of Honeywell International during the 3rd quarter valued at $214,000. Meridian Wealth Management LLC boosted its stake in shares of Honeywell International by 100.6% during the 3rd quarter. Meridian Wealth Management LLC now owns 12,938 shares of the conglomerate’s stock valued at $2,390,000 after buying an additional 6,489 shares during the period. Strategic Blueprint LLC boosted its stake in shares of Honeywell International by 4.3% during the 3rd quarter. Strategic Blueprint LLC now owns 7,942 shares of the conglomerate’s stock valued at $1,467,000 after buying an additional 328 shares during the period. Finally, Washington Trust Advisors Inc. boosted its stake in shares of Honeywell International by 5.2% during the 3rd quarter. Washington Trust Advisors Inc. now owns 2,274 shares of the conglomerate’s stock valued at $420,000 after buying an additional 112 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on HON. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Royal Bank of Canada cut their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Finally, Barclays boosted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $219.67.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $0.13 on Friday, hitting $193.15. 1,866,414 shares of the company were exchanged, compared to its average volume of 3,002,065. The company’s 50 day moving average price is $198.25 and its two-hundred day moving average price is $196.22. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The firm has a market capitalization of $125.78 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 2.23 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.07 EPS. Research analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. Honeywell International’s payout ratio is currently 51.00%.

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.