Bison Wealth LLC Sells 2,809 Shares of Honeywell International Inc. (NASDAQ:HON)

Bison Wealth LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 55.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,298 shares of the conglomerate's stock after selling 2,809 shares during the quarter. Bison Wealth LLC's holdings in Honeywell International were worth $519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Capital World Investors purchased a new position in Honeywell International in the fourth quarter worth about $1,594,216,000. Raymond James Financial Inc. bought a new position in Honeywell International during the 4th quarter valued at about $435,786,000. ING Groep NV boosted its holdings in shares of Honeywell International by 884.0% during the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate's stock valued at $395,866,000 after acquiring an additional 1,574,376 shares during the last quarter. Cibc World Markets Corp grew its stake in shares of Honeywell International by 411.8% in the fourth quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate's stock worth $285,832,000 after acquiring an additional 1,018,099 shares during the period. Finally, Demars Financial Group LLC purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $155,407,000. Institutional investors own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HON. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company increased their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Citigroup cut their target price on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada increased their price target on shares of Honeywell International from $211.00 to $226.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Honeywell International has an average rating of "Hold" and an average price target of $241.46.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.41% of the stock is owned by corporate insiders.

Honeywell International Price Performance

NASDAQ HON traded down $1.53 during trading hours on Tuesday, reaching $212.72. The company's stock had a trading volume of 1,891,625 shares, compared to its average volume of 3,711,731. 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 1 year low of $179.36 and a 1 year high of $242.77. The firm's 50-day moving average price is $205.12 and its 200-day moving average price is $215.49. The company has a market capitalization of $136.71 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 2.51 and a beta of 1.07.

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 analysts' consensus estimates of $2.21 by $0.30. The firm had revenue of $9.82 billion during 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%. Honeywell International's revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.25 earnings per share. On average, equities research analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be issued a $1.13 dividend. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.12%. Honeywell International's dividend payout ratio (DPR) is 51.95%.

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.