Honeywell International Inc. (NASDAQ:HON) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. lessened its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 67.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 180,465 shares of the conglomerate's stock after selling 377,960 shares during the quarter. Westwood Holdings Group Inc.'s holdings in Honeywell International were worth $40,765,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Valmark Advisers Inc. lifted its holdings in Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after buying an additional 45 shares in the last quarter. ZWJ Investment Counsel Inc. raised its position in Honeywell International by 3.4% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock valued at $327,000 after purchasing an additional 47 shares in the last quarter. Saxony Capital Management LLC raised its position in Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after purchasing an additional 47 shares in the last quarter. Magnus Financial Group LLC raised its position in Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock valued at $2,019,000 after purchasing an additional 48 shares in the last quarter. Finally, Bill Few Associates Inc. raised its position in Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock valued at $3,524,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on HON shares. Barclays reduced their target price on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a report on Wednesday, April 30th. Bank of America upgraded Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target on the stock in a research note on Wednesday, May 7th. Royal Bank of Canada raised their target price on Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Citigroup cut their target price on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley raised their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 11th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and an average price target of $245.23.

Honeywell International Stock Performance

NASDAQ:HON opened at $224.94 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market cap of $144.57 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. The firm's fifty day simple moving average is $206.48 and its 200-day simple moving average is $215.94.

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

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 dividend on an annualized basis and a yield of 2.01%. Honeywell International's payout ratio is 51.95%.

Honeywell International Company 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.

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