Convergence Investment Partners LLC Sells 65 Shares of Honeywell International Inc. (NASDAQ:HON)

Convergence Investment Partners LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,923 shares of the conglomerate’s stock after selling 65 shares during the period. Convergence Investment Partners LLC’s holdings in Honeywell International were worth $1,338,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valmark Advisers Inc. grew its position in Honeywell International by 1.0% in the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock valued at $1,048,000 after acquiring an additional 45 shares during the last quarter. ZWJ Investment Counsel Inc. grew its position in Honeywell International by 3.4% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock valued at $327,000 after acquiring an additional 47 shares during the last quarter. Saxony Capital Management LLC grew its position in Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after acquiring an additional 47 shares during the last quarter. Magnus Financial Group LLC grew its position in Honeywell International by 0.5% in the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock valued at $2,019,000 after acquiring an additional 48 shares during the last quarter. Finally, Absher Wealth Management LLC grew its position in Honeywell International by 2.5% in the 3rd quarter. Absher Wealth Management LLC now owns 1,999 shares of the conglomerate’s stock valued at $413,000 after acquiring an additional 49 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several research analyst reports. Robert W. Baird downgraded Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $223.00 to $217.00 in a research report on Friday, October 25th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Monday, December 23rd. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target on the stock in a research report on Wednesday, December 11th. Morgan Stanley increased their price target on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Finally, Wells Fargo & Company dropped their price target on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.71.

Honeywell International Trading Up 1.3 %

Honeywell International stock opened at $210.81 on Thursday. The stock has a 50-day moving average of $221.07 and a two-hundred day moving average of $215.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The stock has a market cap of $137.08 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.05.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

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.