Telos Capital Management Inc. Sells 119 Shares of Honeywell International Inc. (NASDAQ:HON)

Telos Capital Management Inc. decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 6.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,784 shares of the conglomerate’s stock after selling 119 shares during the period. Telos Capital Management Inc.’s holdings in Honeywell International were worth $374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cordant Inc. purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $31,000. True Wealth Design LLC purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. purchased a new stake in shares of Honeywell International during the fourth quarter valued at approximately $37,000. Finally, TFO Wealth Partners LLC grew its holdings in shares of Honeywell International by 105.6% during 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 during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of several research reports. Royal Bank of Canada dropped their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Barclays raised their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $219.67.

Insider Activity

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

Honeywell International Trading Down 0.2 %

Shares of Honeywell International stock opened at $190.36 on Thursday. The company’s fifty day simple moving average is $198.41 and its 200-day simple moving average is $195.82. The stock has a market capitalization of $123.96 billion, a PE ratio of 22.47, a P/E/G ratio of 2.18 and a beta of 1.02. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. The business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.52 EPS. As a group, equities analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.27%. Honeywell International’s payout ratio is 51.00%.

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.