PFG Advisors Lowers Holdings in Honeywell International Inc. $HON

PFG Advisors decreased its position in Honeywell International Inc. (NASDAQ:HON) by 33.5% in the fourth quarter, Holdings Channel reports. The firm owned 14,877 shares of the conglomerate’s stock after selling 7,493 shares during the period. PFG Advisors’ holdings in Honeywell International were worth $2,902,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Holos Integrated Wealth LLC purchased a new stake in shares of Honeywell International in the fourth quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC boosted its holdings in shares of Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after purchasing an additional 118 shares during the period. JPL Wealth Management LLC purchased a new stake in shares of Honeywell International in the third quarter valued at approximately $31,000. Cedar Mountain Advisors LLC boosted its holdings in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after purchasing an additional 84 shares during the period. Finally, Strive Asset Management LLC purchased a new stake in shares of Honeywell International in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 18,190 shares of company stock valued at $4,244,287. Company insiders own 0.15% of the company’s stock.

More Honeywell International News

Here are the key news stories impacting Honeywell International this week:

• Positive Sentiment: Honeywell won a major technology contract with Nigeria’s Dangote refinery to expand petrochemical production for plastics and detergents — a strategic international win that deepens Honeywell’s industrial footprint and recurring-services opportunity in Africa. Nigeria’s Dangote taps Honeywell to expand plastics and detergent petrochems
• Positive Sentiment: Jim Cramer publicly endorsed Honeywell on Mad Money, calling it “very, very good,” which can boost retail investor interest and short-term sentiment. Jim Cramer Says “I Think Honeywell’s Very, Very Good”
• Positive Sentiment: Honeywell is expanding engine manufacturing in Phoenix to support new Navy training jets — a capacity investment that supports the aerospace backlog and defense-linked revenue visibility. Honeywell expands engine manufacturing in Phoenix to support new Navy training jets
• Neutral Sentiment: Honeywell agreed to sell its Productivity Solutions & Services unit to Brady Corp. for $1.4B — the deal accelerates Honeywell’s portfolio transformation and provides cash but trims a business that generated >$1B in sales, so the net strategic/financial impact will depend on reinvestment and multiples realized. Honeywell to Sell Productivity Unit for $1.4 Billion
• Neutral Sentiment: Analyst previews and coverage ahead of Q1 earnings (due Apr 23) point to mixed drivers: aerospace and recent M&A are supportive, while certain segments face cost pressure — this creates earnings volatility around the print. Honeywell Gears Up to Post Q1 Earnings: What Lies Ahead for the Stock?
• Negative Sentiment: Pre-earnings commentary flags segment weakness and cost pressures that could weigh on margins and near-term guidance; that risk is likely a key driver of today’s share weakness as investors de-risk ahead of the report. Honeywell Gears Up to Post Q1 Earnings: What Lies Ahead for the Stock?

Honeywell International Stock Down 3.3%

Honeywell International stock opened at $222.22 on Wednesday. The business has a fifty day moving average of $234.31 and a two-hundred day moving average of $215.34. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The firm has a market cap of $140.81 billion, a P/E ratio of 27.81, a P/E/G ratio of 3.33 and a beta of 0.93. Honeywell International Inc. has a twelve month low of $184.35 and a twelve month high of $248.18.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the prior year, the business posted $2.47 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, analysts forecast that Honeywell International Inc. will post 10.53 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, February 27th. Honeywell International’s dividend payout ratio is currently 59.57%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HON. Wells Fargo & Company upped their target price on Honeywell International from $215.00 to $235.00 and gave the stock an “equal weight” rating in a report on Friday, January 30th. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a report on Friday, January 16th. Wall Street Zen upgraded Honeywell International to a “hold” rating in a report on Saturday, January 3rd. Mizuho lowered their target price on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Finally, Royal Bank Of Canada upped their target price on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Thirteen research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $251.83.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.