Bison Wealth LLC Sells 2,809 Shares of Honeywell International Inc. (NASDAQ:HON)

Bison Wealth LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 55.0% during the fourth quarter, Holdings Channel reports. The fund owned 2,298 shares of the conglomerate’s stock after selling 2,809 shares during the quarter. Bison Wealth LLC’s holdings in Honeywell International were worth $519,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of HON. Mainstream Capital Management LLC acquired a new position in Honeywell International in the 4th quarter valued at approximately $25,000. Avalon Trust Co grew its stake in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the fourth quarter valued at $30,000. Curio Wealth LLC acquired a new position in Honeywell International during the 4th quarter worth $35,000. Finally, Alexis Investment Partners LLC acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $37,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HON shares. Wells Fargo & Company upped their target price on shares of Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a research note on Wednesday. Royal Bank of Canada upped their target price on Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a report on Wednesday. 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. JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Barclays lowered their price target on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $241.46.

Insider Activity

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction 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. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

HON stock opened at $210.50 on Thursday. The company has a market capitalization of $135.41 billion, a P/E ratio of 24.17, a PEG ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The company has a fifty day moving average price of $205.01 and a 200-day moving average price of $215.66. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.25 earnings per share. As a group, equities analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International’s payout ratio is 51.89%.

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.