KG&L Capital Management LLC Sells 5,439 Shares of Honeywell International Inc. $HON

Key Points

• KG&L Capital Management trimmed its Honeywell stake by 42.8%, selling 5,439 shares in Q4 and leaving 7,273 shares valued at about $1.414 million.
• Company insiders have been net sellers — VP Robert D. Mailloux sold 10,549 shares at roughly $229 and Director D. Scott Davis sold 2,367 shares at $240; insiders sold 18,190 shares (~$4.24M) over the past 90 days and now own about 0.20% of the stock.
• Analysts remain generally positive with a consensus "Moderate Buy" rating and an average 12‑month target of $251.83; Honeywell also beat EPS estimates last quarter and pays a $1.19 quarterly dividend (≈2.0% yield).

KG&L Capital Management LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 42.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,273 shares of the conglomerate's stock after selling 5,439 shares during the period. KG&L Capital Management LLC's holdings in Honeywell International were worth $1,414,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Clear Creek Financial Management LLC lifted its holdings in shares of Honeywell International by 1.6% during the 4th quarter. Clear Creek Financial Management LLC now owns 6,614 shares of the conglomerate's stock worth $1,290,000 after acquiring an additional 105 shares during the period. Aljian Capital Management LLC lifted its holdings in shares of Honeywell International by 14.2% during the 4th quarter. Aljian Capital Management LLC now owns 4,243 shares of the conglomerate's stock worth $828,000 after acquiring an additional 526 shares during the period. Howard Capital Management Inc. lifted its holdings in shares of Honeywell International by 2.2% during the 4th quarter. Howard Capital Management Inc. now owns 19,705 shares of the conglomerate's stock worth $3,844,000 after acquiring an additional 426 shares during the period. Bouvel Investment Partners LLC lifted its holdings in shares of Honeywell International by 1.5% during the 4th quarter. Bouvel Investment Partners LLC now owns 18,505 shares of the conglomerate's stock worth $3,610,000 after acquiring an additional 277 shares during the period. Finally, Bar Harbor Wealth Management lifted its holdings in shares of Honeywell International by 6.3% during the 4th quarter. Bar Harbor Wealth Management now owns 16,892 shares of the conglomerate's stock worth $3,295,000 after acquiring an additional 1,004 shares during the period. 75.91% of the stock is owned by institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 10,549 shares of the business's stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares of the company's stock, valued at approximately $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the business's stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the transaction, the director directly owned 31,081 shares of the company's stock, valued at approximately $7,459,440. This represents a 7.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 18,190 shares of company stock valued at $4,244,287. Insiders own 0.20% of the company's stock.

Analyst Upgrades and Downgrades

HON has been the subject of a number of analyst reports. Sanford C. Bernstein set a $255.00 price objective on shares of Honeywell International in a report on Friday, January 16th. Daiwa Securities Group raised their price objective on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Argus raised their price objective on shares of Honeywell International from $250.00 to $290.00 and gave the stock a "buy" rating in a report on Wednesday, February 18th. Mizuho cut their price target on shares of Honeywell International from $250.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, January 5th. Finally, BMO Capital Markets assumed coverage on shares of Honeywell International in a report on Friday, March 27th. They set an "outperform" rating and a $273.00 price target for the company. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock 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 stock opened at $235.11 on Friday. Honeywell International Inc. has a 12-month low of $180.75 and a 12-month high of $248.18. The company has a market capitalization of $149.45 billion, a P/E ratio of 29.42, a P/E/G ratio of 3.40 and a beta of 0.93. The firm has a 50-day moving average price of $235.02 and a 200 day moving average price of $214.26. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81.

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

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $1.19 per share. 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 dividend payout ratio (DPR) 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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