Campbell Newman Asset Management Inc. Sells 76,529 Shares of Honeywell International Inc. $HON

Key Points

• Campbell Newman Asset Management cut its stake in Honeywell by 93.2% in Q4, selling 76,529 shares and retaining 5,572 shares worth about $1.09 million.
• Analysts remain generally positive with a consensus rating of Moderate Buy (13 Buys, 8 Holds, 1 Sell) and a consensus price target of $251.83.
• Honeywell beat quarterly estimates with $2.59 EPS (vs. $2.54 expected) and $10.07 billion revenue, and it pays a quarterly dividend of $1.19 (annualized yield ~2.1%).

Campbell Newman Asset Management Inc. cut its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 93.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,572 shares of the conglomerate's stock after selling 76,529 shares during the period. Campbell Newman Asset Management Inc.'s holdings in Honeywell International were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Holos Integrated Wealth LLC bought a new stake in Honeywell International in the fourth quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC grew its holdings in shares of Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate's stock worth $30,000 after buying an additional 118 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Honeywell International during the third quarter worth about $31,000. Cedar Mountain Advisors LLC grew its holdings in shares of Honeywell International by 116.7% during the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate's stock worth $33,000 after buying an additional 84 shares in the last quarter. Finally, Strive Asset Management LLC bought a new position in shares of Honeywell International during the third quarter worth about $33,000. 75.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on HON. Barclays decreased their price objective on Honeywell International from $275.00 to $255.00 and set an "overweight" rating for the company in a report on Wednesday, April 1st. Wells Fargo & Company increased their price target on Honeywell International from $215.00 to $235.00 and gave the company an "equal weight" rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Honeywell International from $273.00 to $292.00 and gave the company a "buy" rating in a research report on Wednesday, March 4th. Weiss Ratings cut Honeywell International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday. Finally, Wall Street Zen raised Honeywell International to a "hold" rating in a research report on Saturday, January 3rd. Thirteen investment 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. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $251.83.

Insider Buying and Selling at Honeywell International

In other news, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at approximately $1,099,887. This trade represents a 68.71% 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 Honeywell International 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 completion of the transaction, the director owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 18,190 shares of company stock worth $4,244,287. Corporate insiders own 0.20% of the company's stock.

Honeywell International Price Performance

Honeywell International stock opened at $229.38 on Friday. The stock's fifty day moving average price is $235.03 and its two-hundred day moving average price is $214.88. Honeywell International Inc. has a one year low of $181.25 and a one year high of $248.18. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The firm has a market cap of $145.35 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 3.36 and a beta of 0.93.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter last year, the company earned $2.47 EPS. The company's revenue was up 6.4% on a year-over-year basis. As a group, research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $1.19 dividend. The ex-dividend date was Friday, February 27th. This represents a $4.76 annualized dividend and a dividend yield of 2.1%. Honeywell International's dividend payout ratio (DPR) is presently 59.57%.

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.

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