Honeywell International Inc. (NASDAQ:HON) Shares Sold by Western Wealth Management LLC

Western Wealth Management LLC decreased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 57.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,571 shares of the conglomerate's stock after selling 6,216 shares during the period. Western Wealth Management LLC's holdings in Honeywell International were worth $1,033,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Capital World Investors acquired a new position in shares of Honeywell International during the fourth quarter worth $1,594,216,000. Raymond James Financial Inc. acquired a new position in shares of Honeywell International during the fourth quarter worth $435,786,000. ING Groep NV increased its position in shares of Honeywell International by 884.0% during the fourth quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock worth $395,866,000 after purchasing an additional 1,574,376 shares in the last quarter. Cibc World Markets Corp increased its position in shares of Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock valued at $285,832,000 after acquiring an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $155,407,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HON shares. Mizuho upped their target price on Honeywell International from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Wall Street Zen raised Honeywell International from a "hold" rating to a "buy" rating in a research report on Thursday, May 15th. 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. Barclays cut their target price on Honeywell International from $247.00 to $243.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Finally, Royal Bank of Canada increased their price target 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. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of "Moderate Buy" and a consensus target price of $245.57.

Honeywell International Price Performance

Honeywell International stock traded up $4.35 during midday trading on Tuesday, reaching $226.38. The company had a trading volume of 3,090,637 shares, compared to its average volume of 3,788,240. The company has a market capitalization of $145.49 billion, a P/E ratio of 25.99, a P/E/G ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 12-month low of $179.36 and a 12-month high of $242.77. The firm's fifty day simple moving average is $207.87 and its 200-day simple moving average is $216.25. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. During the same period in the prior year, the company earned $2.25 earnings per share. The business's revenue was up 7.9% compared to the same quarter last year. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, May 16th. Honeywell International's dividend payout ratio is presently 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.