Honeywell International Inc. (NASDAQ:HON) Shares Sold by Two Point Capital Management Inc.

Two Point Capital Management Inc. trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,710 shares of the conglomerate’s stock after selling 859 shares during the quarter. Honeywell International makes up approximately 4.8% of Two Point Capital Management Inc.’s investment portfolio, making the stock its 8th largest position. Two Point Capital Management Inc.’s holdings in Honeywell International were worth $10,425,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Cordant Inc. acquired a new stake in Honeywell International in the 4th quarter valued at about $31,000. Rakuten Securities Inc. acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the fourth quarter valued at approximately $37,000. TFO Wealth Partners LLC boosted its holdings in shares of Honeywell International by 105.6% in the third 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 period. Finally, Raleigh Capital Management Inc. raised its stake in shares of Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after purchasing an additional 76 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’s 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 sale, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 0.1 %

NASDAQ HON traded up $0.13 on Friday, reaching $193.15. The stock had a trading volume of 1,866,414 shares, compared to its average volume of 3,002,065. The business has a 50 day moving average price of $198.25 and a 200 day moving average price of $196.22. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The company has a market capitalization of $125.78 billion, a price-to-earnings ratio of 22.54, a P/E/G ratio of 2.23 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results 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 return on equity of 35.17% and a net margin of 15.43%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the firm posted $2.07 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts forecast 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 was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. Honeywell International’s payout ratio is 51.00%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada cut their price objective 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. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, 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.