Honeywell International Inc. $HON Shares Sold by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel cut its Honeywell stake by 20.8% in Q4, selling 5,039 shares and ending the period with 19,166 shares valued at about $3.74 million.
• Insiders sold a total of 18,190 shares last quarter (notable sales: Director D. Scott Davis 2,367 shares at $240 and VP Robert D. Mailloux 5,274 shares at $239), leaving insider ownership at about 0.20%.
• Brokerages have raised price targets and ratings recently (Evercore to $265/outperform, Deutsche Bank to $292/buy, Argus to $290/buy), and the stock's consensus is a “Moderate Buy” with an average target of $251.83.

Carnegie Investment Counsel cut its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 20.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 19,166 shares of the conglomerate's stock after selling 5,039 shares during the period. Carnegie Investment Counsel's holdings in Honeywell International were worth $3,739,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Nova R Wealth Inc. raised its holdings in Honeywell International by 3.0% in 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. Willow Creek Wealth Management Inc. raised its holdings in Honeywell International by 2.2% in the 3rd quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate's stock valued at $490,000 after acquiring an additional 50 shares during the last quarter. VSM Wealth Advisory LLC raised its holdings in Honeywell International by 4.5% in the 3rd quarter. VSM Wealth Advisory LLC now owns 1,150 shares of the conglomerate's stock valued at $242,000 after acquiring an additional 50 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in Honeywell International by 1.5% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 3,351 shares of the conglomerate's stock valued at $654,000 after acquiring an additional 50 shares during the last quarter. Finally, Meridian Investment Counsel Inc. raised its holdings in Honeywell International by 0.5% in the 4th quarter. Meridian Investment Counsel Inc. now owns 9,175 shares of the conglomerate's stock valued at $1,790,000 after acquiring an additional 50 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director directly owned 31,081 shares in the company, valued at approximately $7,459,440. This represents a 7.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $239.00, for a total value of $1,260,486.00. Following the completion of the sale, the vice president owned 4,803 shares of the company's stock, valued at approximately $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have weighed in on HON. Evercore boosted their price target on Honeywell International from $255.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, January 30th. Deutsche Bank Aktiengesellschaft upped their price objective on Honeywell International from $273.00 to $292.00 and gave the stock a "buy" rating in a report on Wednesday, March 4th. Weiss Ratings raised Honeywell International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 27th. BNP Paribas Exane increased their target price on Honeywell International from $195.00 to $215.00 and gave the stock a "neutral" rating in a research report on Monday, February 2nd. Finally, Argus increased their target price on Honeywell International from $250.00 to $290.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Honeywell International presently has an average rating of "Moderate Buy" and an average target price of $251.83.

Honeywell International Trading Down 0.4%

Shares of HON opened at $235.11 on Friday. 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 firm has a market capitalization of $149.45 billion, a P/E ratio of 29.42, a price-to-earnings-growth ratio of 3.40 and a beta of 0.93. The stock's fifty day simple moving average is $235.02 and its 200 day simple moving average is $214.26. Honeywell International Inc. has a twelve month low of $180.75 and a twelve month high of $248.18.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company posted $2.47 EPS. On average, equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

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

Honeywell International Company 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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