Honeywell International Inc. (NASDAQ:HON) Shares Sold by Callan Capital LLC

Callan Capital LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 72.7% during the 4th quarter, Holdings Channel reports. The fund owned 1,820 shares of the conglomerate’s stock after selling 4,848 shares during the quarter. Callan Capital LLC’s holdings in Honeywell International were worth $382,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HON. Cordant Inc. purchased a new stake in shares of Honeywell International in the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. purchased a new stake in Honeywell International during the 4th quarter worth about $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth about $37,000. TFO Wealth Partners LLC increased its holdings in shares of Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 114 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its position in shares of Honeywell International by 42.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after acquiring an additional 76 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded up $0.43 on Friday, reaching $193.45. The company’s stock had a trading volume of 3,041,356 shares, compared to its average volume of 3,018,941. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The stock has a market capitalization of $125.97 billion, a P/E ratio of 22.84, a PEG ratio of 2.23 and a beta of 1.02. The stock’s 50-day moving average is $198.18 and its two-hundred day moving average is $196.27. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period last year, the firm earned $2.07 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, sell-side analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s payout ratio is currently 51.00%.

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred 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 owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

HON has been the subject of a number of research analyst reports. Barclays upped their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada cut their target price on 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $219.67.

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.