Honeywell International Inc. (NASDAQ:HON) Stock Holdings Decreased by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC lessened its position in Honeywell International Inc. (NASDAQ:HON) by 15.7% in the 4th quarter, Holdings Channel reports. The fund owned 5,874 shares of the conglomerate’s stock after selling 1,092 shares during the period. Avidian Wealth Solutions LLC’s holdings in Honeywell International were worth $1,232,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Crown Wealth Group LLC grew its position in Honeywell International by 21.6% during the third quarter. Crown Wealth Group LLC now owns 1,266 shares of the conglomerate’s stock valued at $234,000 after purchasing an additional 225 shares in the last quarter. Concord Wealth Partners boosted its position in Honeywell International by 25.1% during the third quarter. Concord Wealth Partners now owns 1,576 shares of the conglomerate’s stock valued at $291,000 after purchasing an additional 316 shares during the last quarter. Hixon Zuercher LLC grew its stake in Honeywell International by 14.9% in the third quarter. Hixon Zuercher LLC now owns 22,047 shares of the conglomerate’s stock valued at $4,073,000 after purchasing an additional 2,860 shares in the last quarter. Lindbrook Capital LLC increased its position in Honeywell International by 0.4% in the 3rd quarter. Lindbrook Capital LLC now owns 24,045 shares of the conglomerate’s stock worth $4,442,000 after purchasing an additional 103 shares during the last quarter. Finally, Vision Capital Management Inc. raised its stake in shares of Honeywell International by 1.1% during the 3rd quarter. Vision Capital Management Inc. now owns 41,240 shares of the conglomerate’s stock worth $7,619,000 after purchasing an additional 429 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 1.1 %

NASDAQ HON traded up $2.17 during trading hours on Friday, hitting $195.81. The company’s stock had a trading volume of 2,251,381 shares, compared to its average volume of 2,992,784. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The firm has a market capitalization of $127.51 billion, a P/E ratio of 22.69, a PEG ratio of 2.26 and a beta of 1.02. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The stock has a fifty day moving average of $197.66 and a 200 day moving average of $196.74.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the business posted $2.07 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $1.08 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio is 50.06%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on HON shares. Royal Bank of Canada dropped their price target on shares of 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 reissued a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays increased their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $215.71.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction on 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 in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

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.