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

Sandhill Capital Partners LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 98.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,819 shares of the conglomerate’s stock after selling 140,375 shares during the period. Sandhill Capital Partners LLC’s holdings in Honeywell International were worth $591,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Cordant Inc. acquired a new stake in Honeywell International in the fourth quarter valued at $31,000. Rakuten Securities Inc. acquired a new stake in Honeywell International in the fourth quarter valued at $31,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the fourth quarter valued at $37,000. TFO Wealth Partners LLC raised its stake in 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 buying an additional 114 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in Honeywell International by 42.0% in the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after buying an additional 76 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Performance

HON traded down $1.77 on Thursday, hitting $193.02. 3,894,245 shares of the company’s stock were exchanged, compared to its average volume of 3,018,661. The firm has a market cap of $125.69 billion, a PE ratio of 22.71, a P/E/G ratio of 2.25 and a beta of 1.02. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The stock has a fifty day moving average of $198.35 and a two-hundred day moving average of $196.25. 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 (NASDAQ:HON) last announced 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 net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter last year, the business earned $2.07 earnings per share. Honeywell International’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is 51.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on HON shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Barclays lifted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Royal Bank of Canada lowered their price target 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $219.67.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’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 transaction of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is currently 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.