Blue Chip Partners LLC Reduces Stake in Honeywell International Inc. (NASDAQ:HON)

Blue Chip Partners LLC decreased its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,316 shares of the conglomerate’s stock after selling 55 shares during the quarter. Blue Chip Partners LLC’s holdings in Honeywell International were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Creative Planning lifted its stake in shares of Honeywell International by 6.2% in the 3rd quarter. Creative Planning now owns 230,532 shares of the conglomerate’s stock valued at $47,653,000 after purchasing an additional 13,420 shares during the period. Howard Capital Management Group LLC increased its stake in shares of Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after acquiring an additional 174 shares in the last quarter. V Square Quantitative Management LLC lifted its position in Honeywell International by 9.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,054 shares of the conglomerate’s stock valued at $218,000 after acquiring an additional 89 shares during the period. Net Worth Advisory Group bought a new stake in Honeywell International during the third quarter worth about $577,000. Finally, Accurate Wealth Management LLC increased its stake in shares of Honeywell International by 3.0% during the third quarter. Accurate Wealth Management LLC now owns 3,863 shares of the conglomerate’s stock valued at $840,000 after purchasing an additional 114 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HON has been the subject of a number of analyst reports. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Royal Bank of Canada reduced their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Robert W. Baird downgraded shares of Honeywell International from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $223.00 to $217.00 in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Hsbc Global Res raised Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $248.71.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.41% of the company’s stock.

Honeywell International Trading Down 1.2 %

Shares of Honeywell International stock opened at $202.75 on Monday. The company’s fifty day simple moving average is $222.30 and its 200-day simple moving average is $215.21. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The stock has a market capitalization of $131.84 billion, a PE ratio of 23.28, a P/E/G ratio of 2.55 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current year.

Honeywell International Announces Dividend

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

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.