Beacon Pointe Advisors LLC Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

Beacon Pointe Advisors LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,340 shares of the conglomerate’s stock after selling 1,704 shares during the period. Beacon Pointe Advisors LLC’s holdings in Honeywell International were worth $15,663,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Valmark Advisers Inc. grew its position in shares of Honeywell International by 1.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock valued at $1,048,000 after purchasing an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. grew its position in shares of Honeywell International by 3.4% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after purchasing an additional 47 shares in the last quarter. Saxony Capital Management LLC grew its position in shares of Honeywell International by 4.0% during the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after purchasing an additional 47 shares in the last quarter. Magnus Financial Group LLC grew its position in Honeywell International by 0.5% in the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock worth $2,019,000 after acquiring an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. grew its position in Honeywell International by 0.3% in the fourth quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock worth $3,524,000 after acquiring an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.8 %

Shares of NASDAQ:HON opened at $200.66 on Tuesday. Honeywell International Inc. has a 52-week low of $179.36 and a 52-week high of $242.77. The stock has a market cap of $129.08 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The business’s 50 day moving average is $205.03 and its 200 day moving average is $215.73. The company has a quick ratio of 1.01, a current ratio of 1.31 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, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Sell-side analysts predict that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.25%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company dropped their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Citigroup dropped their price target on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada dropped their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Barclays dropped their target price on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research report on Wednesday, March 26th. Ten 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $242.15.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.