Laurel Wealth Advisors LLC Cuts Holdings in Honeywell International Inc. (NASDAQ:HON)

Laurel Wealth Advisors LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,764 shares of the conglomerate’s stock after selling 1,245 shares during the quarter. Laurel Wealth Advisors LLC’s holdings in Honeywell International were worth $3,516,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Altshuler Shaham Ltd acquired a new stake in Honeywell International in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new stake in Honeywell International in the fourth quarter valued at approximately $31,000. Cordant Inc. acquired a new stake in Honeywell International in the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the fourth quarter valued at approximately $37,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new stake in Honeywell International in the fourth quarter valued at approximately $45,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays boosted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft restated 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $219.67.

Honeywell International Stock Performance

HON traded up $0.43 on Friday, reaching $193.45. The stock had a trading volume of 3,041,537 shares, compared to its average volume of 2,666,853. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.30. The business’s 50-day moving average price is $198.18 and its two-hundred day moving average price is $196.27. The company has a market cap of $125.97 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data 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 net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the company earned $2.07 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts forecast that Honeywell International Inc. will post 9.96 earnings per share 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 issued 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 2.23%. Honeywell International’s payout ratio is 50.06%.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated 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 owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.