Janney Montgomery Scott LLC Sells 8,429 Shares of Honeywell International Inc. (NASDAQ:HON)

Janney Montgomery Scott LLC decreased its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 264,056 shares of the conglomerate's stock after selling 8,429 shares during the period. Janney Montgomery Scott LLC's holdings in Honeywell International were worth $55,375,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. D Orazio & Associates Inc. increased its position in shares of Honeywell International by 32.3% during the 4th quarter. D Orazio & Associates Inc. now owns 4,471 shares of the conglomerate's stock valued at $938,000 after purchasing an additional 1,092 shares during the last quarter. Vise Technologies Inc. raised its stake in shares of Honeywell International by 39.6% during the fourth quarter. Vise Technologies Inc. now owns 1,558 shares of the conglomerate's stock worth $327,000 after acquiring an additional 442 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Honeywell International by 7.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 883,850 shares of the conglomerate's stock worth $180,853,000 after acquiring an additional 60,447 shares during the last quarter. M&G Investment Management Ltd. bought a new position in shares of Honeywell International during the 4th quarter valued at $1,679,000. Finally, Quotient Wealth Partners LLC purchased a new position in Honeywell International in the 4th quarter worth $595,000. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Berenberg Bank raised Honeywell International from a "hold" rating to a "buy" rating and raised their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays increased their price objective on Honeywell International from $230.00 to $232.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $210.00 to $209.00 and set a "sector perform" rating on the stock in a research report on Friday, February 2nd. Finally, StockNews.com raised Honeywell International from a "hold" rating to a "buy" rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $215.71.

Honeywell International Stock Down 0.3 %

Shares of NASDAQ:HON traded down $0.59 during trading on Tuesday, hitting $203.21. The stock had a trading volume of 2,378,393 shares, compared to its average volume of 2,989,278. The company has a market capitalization of $132.33 billion, a PE ratio of 23.55, a PEG ratio of 2.34 and a beta of 1.02. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The firm's fifty day moving average is $197.78 and its 200 day moving average is $197.57. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the company earned $2.07 earnings per share. The firm's quarterly revenue was up 2.7% compared to the same quarter last year. Analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International's dividend payout ratio (DPR) is presently 50.06%.

Insider Buying and Selling at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the company's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.41% of the company's stock.

About Honeywell International

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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