CSM Advisors LLC Trims Holdings in Honeywell International Inc. $HON

Key Points

• CSM Advisors LLC cut its stake in Honeywell by 68.4% in Q3, selling 38,837 shares and retaining 17,970 shares worth $3.783 million.
• Company insiders have sold a total of 18,190 shares (about $4.24 million) in the past 90 days, including sales by Director D. Scott Davis and VP Robert D. Mailloux, reducing their holdings.
• Analysts hold a consensus Moderate Buy with an average target of $251.65; Honeywell recently beat quarterly EPS and revenue estimates and pays a $1.19 quarterly dividend (2.0% yield).

CSM Advisors LLC lessened its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 68.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 17,970 shares of the conglomerate's stock after selling 38,837 shares during the period. CSM Advisors LLC's holdings in Honeywell International were worth $3,783,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First National Trust Co grew its stake in Honeywell International by 9.4% during the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate's stock worth $16,648,000 after purchasing an additional 6,803 shares in the last quarter. Lockheed Martin Investment Management Co. acquired a new stake in Honeywell International in the 3rd quarter valued at about $4,147,000. Managed Asset Portfolios LLC boosted its stake in shares of Honeywell International by 2.3% in the 2nd quarter. Managed Asset Portfolios LLC now owns 95,833 shares of the conglomerate's stock valued at $22,317,000 after buying an additional 2,154 shares during the period. Federated Hermes Inc. grew its position in shares of Honeywell International by 72.5% during the third quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate's stock worth $2,034,000 after buying an additional 4,061 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in shares of Honeywell International during the second quarter worth about $1,943,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Insiders Place Their Bets

In other news, Director D Scott Davis sold 2,367 shares of the business's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert D. Mailloux sold 10,549 shares of the firm's stock in a transaction dated 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 owned 4,803 shares of the company's stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Honeywell International from $240.00 to $245.00 and gave the company a "hold" rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. increased their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the company an "overweight" rating in a research report on Friday, January 30th. Vertical Research lowered shares of Honeywell International from a "buy" rating to a "hold" rating and set a $220.00 price objective on the stock. in a report on Monday, January 5th. Barclays boosted their target price on shares of Honeywell International from $259.00 to $275.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 3rd. Finally, BNP Paribas Exane increased their target price on Honeywell International from $195.00 to $215.00 and gave the company a "neutral" rating in a report on Monday, February 2nd. Twelve research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $251.65.

Honeywell International Stock Up 0.0%

Shares of NASDAQ:HON opened at $234.51 on Tuesday. The firm has a 50 day simple moving average of $230.45 and a 200-day simple moving average of $212.37. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The company has a market capitalization of $149.07 billion, a PE ratio of 29.35, a P/E/G ratio of 3.39 and a beta of 0.92.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results 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 business had revenue of $10.07 billion for the quarter, compared to analysts' expectations of $9.60 billion. During the same quarter in the previous year, the firm earned $2.47 earnings per share. The business's revenue was up 6.4% compared to the same quarter last year. On average, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International's payout ratio is currently 59.57%.

About Honeywell International

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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