Prospector Partners LLC Trims Position in Honeywell International Inc. $HON

Prospector Partners LLC reduced its position in Honeywell International Inc. (NASDAQ:HONFree Report) by 5.9% in the 3rd quarter, Holdings Channel reports. The fund owned 47,529 shares of the conglomerate’s stock after selling 2,993 shares during the period. Prospector Partners LLC’s holdings in Honeywell International were worth $10,005,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HON. Summit Wealth Group LLC lifted its position in Honeywell International by 4.3% during the second quarter. Summit Wealth Group LLC now owns 1,115 shares of the conglomerate’s stock worth $260,000 after buying an additional 46 shares during the period. Nova R Wealth Inc. increased its stake in shares of Honeywell International by 3.0% during the 3rd quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock valued at $335,000 after acquiring an additional 47 shares during the last quarter. Fielder Capital Group LLC increased its stake in shares of Honeywell International by 2.1% during the 2nd quarter. Fielder Capital Group LLC now owns 2,373 shares of the conglomerate’s stock valued at $553,000 after acquiring an additional 48 shares during the last quarter. Wealth Management Associates Inc. lifted its holdings in shares of Honeywell International by 4.2% during the 2nd quarter. Wealth Management Associates Inc. now owns 1,268 shares of the conglomerate’s stock worth $295,000 after acquiring an additional 51 shares during the period. Finally, Hills Bank & Trust Co boosted its position in shares of Honeywell International by 0.5% in the second quarter. Hills Bank & Trust Co now owns 10,775 shares of the conglomerate’s stock worth $2,509,000 after acquiring an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.6%

NASDAQ:HON opened at $241.14 on Thursday. The business’s 50-day moving average is $214.72 and its two-hundred day moving average is $209.68. The firm has a market capitalization of $153.10 billion, a PE ratio of 30.18, a price-to-earnings-growth ratio of 3.52 and a beta of 0.94. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $245.63. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05.

Honeywell International (NASDAQ:HONGet Free Report) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.47 earnings per share. Research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, February 27th. Honeywell International’s payout ratio is presently 59.57%.

Insider Buying and Selling at Honeywell International

In related news, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction on Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Key Honeywell International News

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

Analyst Ratings Changes

Several brokerages recently commented on HON. Citigroup upped their price target on shares of Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a research report on Friday, January 16th. Barclays lifted their target price on Honeywell International from $250.00 to $259.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Robert W. Baird upped their price target on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Eleven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus target price of $246.32.

Get Our Latest Stock Analysis on Honeywell International

Honeywell International Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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