Metis Global Partners LLC Decreases Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Metis Global Partners LLC lowered its holdings in Honeywell International Inc. (NASDAQ:HON) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,590 shares of the conglomerate’s stock after selling 4,195 shares during the period. Metis Global Partners LLC’s holdings in Honeywell International were worth $5,576,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of HON. Valley Brook Capital Group Inc. grew its position in shares of Honeywell International by 1.0% during the 4th quarter. Valley Brook Capital Group Inc. now owns 5,685 shares of the conglomerate’s stock valued at $1,192,000 after acquiring an additional 55 shares during the period. NTV Asset Management LLC grew its holdings in Honeywell International by 1.5% during the fourth quarter. NTV Asset Management LLC now owns 3,722 shares of the conglomerate’s stock valued at $781,000 after purchasing an additional 55 shares during the period. Connecticut Wealth Management LLC grew its holdings in Honeywell International by 17.7% during the fourth quarter. Connecticut Wealth Management LLC now owns 5,993 shares of the conglomerate’s stock valued at $1,257,000 after purchasing an additional 900 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Honeywell International in the fourth quarter worth $202,000. Finally, FourThought Financial Partners LLC raised its stake in shares of Honeywell International by 2.6% in the fourth quarter. FourThought Financial Partners LLC now owns 29,212 shares of the conglomerate’s stock valued at $6,126,000 after buying an additional 727 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Barclays raised their price objective 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. Royal Bank of Canada reduced their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday. Berenberg Bank upgraded 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 research note on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $215.71.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

Honeywell International Trading Up 1.1 %

Shares of NASDAQ HON traded up $2.17 during midday trading on Friday, reaching $195.81. The company had a trading volume of 2,251,381 shares, compared to its average volume of 2,992,784. The stock has a market cap of $127.51 billion, a PE ratio of 22.69, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The firm’s fifty day moving average price is $197.66 and its 200-day moving average price is $196.74. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.07 EPS. On average, equities research analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

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.