Honeywell International Inc. (NASDAQ:HON) Shares Sold by Linscomb & Williams Inc.

Linscomb & Williams Inc. cut its stake in Honeywell International Inc. (NASDAQ:HON) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,250 shares of the conglomerate’s stock after selling 1,864 shares during the quarter. Linscomb & Williams Inc.’s holdings in Honeywell International were worth $8,441,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Altshuler Shaham Ltd acquired a new stake in Honeywell International during the fourth quarter worth about $27,000. Cordant Inc. acquired a new stake in shares of Honeywell International during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. purchased a new stake in shares of Honeywell International during the 4th quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new position in Honeywell International in the fourth quarter valued at approximately $37,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in Honeywell International during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.2 %

Shares of NASDAQ:HON traded up $0.30 during trading on Friday, hitting $199.69. The company’s stock had a trading volume of 2,360,667 shares, compared to its average volume of 2,620,083. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The business has a 50 day moving average price of $198.51 and a two-hundred day moving average price of $198.69. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The company has a market capitalization of $130.04 billion, a PE ratio of 23.14, a P/E/G ratio of 2.31 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.07 EPS. As a group, research analysts expect that Honeywell International Inc. will post 9.93 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $1.08 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.16%. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Insider Buying and Selling

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were 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 directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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 sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $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 28,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the transaction, the director now directly owns 203,510 shares of the company’s stock, valued at $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

HON has been the topic of several recent analyst reports. Royal Bank of Canada decreased their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International has an average rating of “Hold” and an average target price of $215.71.

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.