WealthPlan Investment Management LLC Cuts Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

WealthPlan Investment Management LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 8.9% in the 4th quarter, Holdings Channel reports. The firm owned 2,026 shares of the conglomerate’s stock after selling 199 shares during the period. WealthPlan Investment Management LLC’s holdings in Honeywell International were worth $458,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HON. Nations Financial Group Inc. IA ADV boosted its stake in Honeywell International by 4.4% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,850 shares of the conglomerate’s stock worth $644,000 after buying an additional 120 shares in the last quarter. Spinnaker Trust raised its holdings in shares of Honeywell International by 0.4% during the fourth quarter. Spinnaker Trust now owns 11,322 shares of the conglomerate’s stock valued at $2,558,000 after acquiring an additional 50 shares in the last quarter. WealthPLAN Partners LLC bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $212,000. PUREfi Wealth LLC bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $629,000. Finally, Blue Trust Inc. raised its holdings in shares of Honeywell International by 46.8% during the fourth quarter. Blue Trust Inc. now owns 13,904 shares of the conglomerate’s stock valued at $3,141,000 after acquiring an additional 4,433 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HON. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Barclays decreased their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Bank of America increased their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $248.71.

Honeywell International Trading Down 1.2 %

Honeywell International stock opened at $202.75 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The stock has a market capitalization of $131.84 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The business’s fifty day moving average is $222.30 and its 200 day moving average is $215.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, sell-side analysts predict that Honeywell International Inc. will post 10.3 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.23%. Honeywell International’s payout ratio is 51.89%.

Insiders Place Their Bets

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.