Great Valley Advisor Group Inc. Sells 1,531 Shares of Honeywell International Inc. (NASDAQ:HON)

Great Valley Advisor Group Inc. trimmed its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 69,927 shares of the conglomerate's stock after selling 1,531 shares during the period. Great Valley Advisor Group Inc.'s holdings in Honeywell International were worth $15,796,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Cypress Asset Management Inc. TX acquired a new stake in Honeywell International in the fourth quarter valued at $5,900,000. Ameriflex Group Inc. acquired a new stake in Honeywell International during the 4th quarter worth about $403,000. United Advisor Group LLC grew its holdings in Honeywell International by 22.2% during the 4th quarter. United Advisor Group LLC now owns 2,267 shares of the conglomerate's stock worth $512,000 after acquiring an additional 412 shares during the period. Challenger Wealth Management acquired a new stake in Honeywell International during the 4th quarter worth about $260,000. Finally, Ascent Group LLC grew its holdings in Honeywell International by 23.0% during the 4th quarter. Ascent Group LLC now owns 21,167 shares of the conglomerate's stock worth $4,781,000 after acquiring an additional 3,964 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $1.85 during mid-day trading on Wednesday, hitting $224.61. 2,578,619 shares of the stock were exchanged, compared to its average volume of 3,788,903. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The company has a 50-day simple moving average of $208.18 and a 200 day simple moving average of $216.32. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a market capitalization of $144.35 billion, a P/E ratio of 25.79, a P/E/G ratio of 2.51 and a beta of 1.07.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The firm had revenue of $9.82 billion for the quarter, compared to analysts' expectations of $9.59 billion. During the same quarter last year, the firm earned $2.25 EPS. The company's quarterly revenue was up 7.9% compared to the same quarter last year. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.01%. Honeywell International's payout ratio is currently 51.95%.

Wall Street Analysts Forecast Growth

HON has been the subject of a number of recent analyst reports. Barclays decreased their price target on Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Royal Bank of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 30th. Citigroup reduced their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Mizuho raised their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Wall Street Zen upgraded Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 15th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $245.57.

Honeywell International 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.