Yousif Capital Management LLC Sells 5,840 Shares of Honeywell International Inc. (NASDAQ:HON)

Yousif Capital Management LLC lessened its holdings in Honeywell International Inc. (NASDAQ:HON) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 90,396 shares of the conglomerate’s stock after selling 5,840 shares during the period. Yousif Capital Management LLC’s holdings in Honeywell International were worth $18,957,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Up 0.3 %

HON traded up $0.58 during trading on Tuesday, hitting $196.16. 2,556,272 shares of the company’s stock traded hands, compared to its average volume of 3,000,230. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The company’s 50 day simple moving average is $198.35 and its two-hundred day simple moving average is $196.26. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $127.74 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 2.23 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping the consensus estimate of $2.59 by $0.01. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. Honeywell International’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the company earned $2.52 EPS. Analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.20%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

Analyst Upgrades and Downgrades

HON has been the topic of a number of research reports. Berenberg Bank upgraded shares of 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 report on Wednesday, March 6th. Royal Bank of Canada cut 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 report on Friday, February 2nd. Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $219.67.

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.