Western Wealth Management LLC Sells 329 Shares of Honeywell International Inc. (NASDAQ:HON)

Western Wealth Management LLC reduced its position in Honeywell International Inc. (NASDAQ:HON) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,384 shares of the conglomerate’s stock after selling 329 shares during the period. Western Wealth Management LLC’s holdings in Honeywell International were worth $2,387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ironwood Wealth Management LLC. grew its stake in Honeywell International by 2.9% during the 1st quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock worth $700,000 after buying an additional 100 shares during the last quarter. Fairfield Bush & CO. lifted its stake in Honeywell International by 5.4% during the 1st quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock valued at $1,864,000 after acquiring an additional 492 shares during the period. United Bank increased its stake in shares of Honeywell International by 25.0% in the first quarter. United Bank now owns 8,404 shares of the conglomerate’s stock worth $1,635,000 after acquiring an additional 1,683 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Honeywell International by 31.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock valued at $151,949,000 after purchasing an additional 187,936 shares during the period. Finally, AMI Investment Management Inc. raised its stake in shares of Honeywell International by 16.8% during the 1st quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock valued at $224,000 after buying an additional 165 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

HON stock traded up $2.78 during midday trading on Friday, reaching $193.86. The stock had a trading volume of 534,153 shares, compared to its average volume of 2,972,499. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The company’s fifty day simple moving average is $198.36 and its 200 day simple moving average is $195.79. The company has a market cap of $126.24 billion, a price-to-earnings ratio of 22.75, a price-to-earnings-growth ratio of 2.18 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted 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. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period last year, the firm posted $2.52 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is currently 51.00%.

Insiders Place Their Bets

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred 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 owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

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

Honeywell International Company 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.