Investors Asset Management of Georgia Inc. GA ADV Sells 137 Shares of Honeywell International Inc. (NASDAQ:HON)

Investors Asset Management of Georgia Inc. GA ADV reduced its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.5% during the fourth quarter, Holdings Channel reports. The fund owned 1,679 shares of the conglomerate’s stock after selling 137 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Honeywell International were worth $379,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America purchased a new stake in Honeywell International during the third quarter valued at about $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International in the 3rd quarter valued at about $29,000. Hoese & Co LLP purchased a new stake in Honeywell International during the 4th quarter valued at about $30,000. Financial Avengers Inc. grew its position in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp grew its position in Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after acquiring an additional 81 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated 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. The trade was a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on HON shares. Bank of America raised their target price on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research note on Tuesday, December 17th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.

Honeywell International Trading Up 0.3 %

NASDAQ:HON opened at $211.35 on Friday. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The company’s 50-day simple moving average is $220.74 and its 200 day simple moving average is $215.17. The firm has a market capitalization of $137.36 billion, a P/E ratio of 24.27, a PEG ratio of 2.47 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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%. As a group, analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio is presently 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.