Welch & Forbes LLC Has $2.41 Million Holdings in Honeywell International Inc. (NASDAQ:HON)

Welch & Forbes LLC decreased its position in Honeywell International Inc. (NASDAQ:HON) by 15.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,507 shares of the conglomerate’s stock after selling 2,119 shares during the period. Welch & Forbes LLC’s holdings in Honeywell International were worth $2,413,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HON. Barclays PLC boosted its stake in shares of Honeywell International by 57.3% during the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after buying an additional 1,162,518 shares during the period. International Assets Investment Management LLC boosted its position in Honeywell International by 6,557.2% during the fourth quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after purchasing an additional 926,531 shares during the last quarter. Van ECK Associates Corp grew its stake in Honeywell International by 853.0% in the third quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock valued at $163,980,000 after purchasing an additional 794,489 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its position in Honeywell International by 51.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after purchasing an additional 636,104 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Honeywell International by 27.5% during the 4th quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock worth $364,831,000 after purchasing an additional 375,158 shares in the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Honeywell International stock traded up $1.85 on Tuesday, reaching $196.85. The company’s stock had a trading volume of 1,951,773 shares, compared to its average volume of 3,013,874. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a market cap of $128.19 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 2.26 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The business’s fifty day moving average price is $197.55 and its 200 day moving average price is $196.94.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the prior year, the firm earned $2.07 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.19%. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Activity

In other news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Darius Adamczyk sold 25,500 shares of the 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 completion of the sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on HON shares. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Royal Bank of Canada cut their target price on 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 upped their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Honeywell International presently has an average rating of “Hold” and an average price target of $215.71.

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.