Honeywell International Inc. (NASDAQ:HON) Stock Holdings Lowered by Sage Investment Advisers LLC

Sage Investment Advisers LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 9.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,000 shares of the conglomerate’s stock after selling 100 shares during the quarter. Sage Investment Advisers LLC’s holdings in Honeywell International were worth $210,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Morton Capital Management LLC CA increased its holdings in shares of Honeywell International by 0.9% during the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock worth $1,077,000 after acquiring an additional 50 shares during the last quarter. Wayfinding Financial LLC raised its position in shares of Honeywell International by 3.4% in the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after purchasing an additional 50 shares during the period. Indiana Trust & Investment Management CO lifted its stake in shares of Honeywell International by 0.9% during the 4th quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after buying an additional 50 shares during the last quarter. River Street Advisors LLC boosted its holdings in shares of Honeywell International by 2.0% during the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock worth $545,000 after buying an additional 50 shares during the period. Finally, Triton Wealth Management PLLC grew its stake in Honeywell International by 4.7% in the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock valued at $233,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON traded up $1.20 during trading hours on Wednesday, hitting $198.05. The company’s stock had a trading volume of 1,760,326 shares, compared to its average volume of 3,000,817. The stock has a fifty day simple moving average of $197.55 and a 200-day simple moving average of $196.94. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The company has a market capitalization of $128.97 billion, a P/E ratio of 22.84, a PEG ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. 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 firm earned $2.07 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.18%. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HON. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Royal Bank of Canada reduced their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Finally, Barclays upped their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $215.71.

Insiders Place Their Bets

In related news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at $36,164,646. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.