White Pine Capital LLC Sells 585 Shares of Honeywell International Inc. (NASDAQ:HON)

White Pine Capital LLC decreased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,176 shares of the conglomerate’s stock after selling 585 shares during the period. White Pine Capital LLC’s holdings in Honeywell International were worth $2,134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HON. Private Wealth Partners LLC boosted its position in Honeywell International by 19.7% during the 4th quarter. Private Wealth Partners LLC now owns 86,318 shares of the conglomerate’s stock worth $18,102,000 after acquiring an additional 14,231 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of Honeywell International by 8.3% in the 4th quarter. Valmark Advisers Inc. now owns 4,697 shares of the conglomerate’s stock valued at $985,000 after buying an additional 358 shares during the last quarter. Stuart Chaussee & Associates Inc. boosted its holdings in shares of Honeywell International by 71.9% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 380 shares of the conglomerate’s stock valued at $80,000 after buying an additional 159 shares during the last quarter. Addison Advisors LLC lifted its holdings in Honeywell International by 10.6% during the 4th quarter. Addison Advisors LLC now owns 983 shares of the conglomerate’s stock valued at $206,000 after purchasing an additional 94 shares during the last quarter. Finally, Citizens Financial Group Inc. RI lifted its holdings in Honeywell International by 20.4% during the 4th quarter. Citizens Financial Group Inc. RI now owns 14,184 shares of the conglomerate’s stock valued at $2,975,000 after purchasing an additional 2,405 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON traded up $0.43 on Friday, hitting $193.45. 3,041,537 shares of the company traded hands, compared to its average volume of 2,666,853. The company has a market capitalization of $125.97 billion, a price-to-earnings ratio of 22.42, a P/E/G ratio of 2.21 and a beta of 1.02. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average price is $198.18 and its 200-day moving average price is $196.27. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the business earned $2.07 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is presently 50.06%.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was 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 $36,164,646. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. Barclays lifted their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada dropped their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $219.67.

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.