Fortitude Advisory Group L.L.C. Sells 133 Shares of Honeywell International Inc. (NASDAQ:HON)

Fortitude Advisory Group L.L.C. cut its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,562 shares of the conglomerate’s stock after selling 133 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Honeywell International were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in shares of Honeywell International in the fourth quarter valued at about $31,000. Cordant Inc. acquired a new position in Honeywell International during the fourth quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in Honeywell International during the fourth quarter worth approximately $37,000. TFO Wealth Partners LLC increased its position in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after buying an additional 114 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. acquired a new position in Honeywell International during the fourth quarter worth approximately $48,000. 75.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HON. 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 upped their target price on 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 downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Royal Bank of Canada decreased 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. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. 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’s stock. Based on data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $215.71.

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 value of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock traded up $2.57 during trading on Wednesday, hitting $195.30. The company had a trading volume of 5,084,572 shares, compared to its average volume of 3,038,313. 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 firm has a market capitalization of $127.18 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The stock’s 50-day moving average price is $197.99 and its 200 day moving average price is $196.54. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the prior year, the company earned $2.07 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post 9.95 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s payout ratio is presently 50.06%.

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.