Tradewinds Capital Management LLC Lowers Position in Honeywell International Inc. (NASDAQ:HON)

Tradewinds Capital Management LLC trimmed its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,408 shares of the conglomerate’s stock after selling 323 shares during the quarter. Honeywell International accounts for approximately 0.4% of Tradewinds Capital Management LLC’s portfolio, making the stock its 27th largest holding. Tradewinds Capital Management LLC’s holdings in Honeywell International were worth $1,673,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International during the 3rd quarter worth $25,000. Reston Wealth Management LLC bought a new stake in Honeywell International in the third quarter worth about $29,000. Hoese & Co LLP purchased a new position in Honeywell International in the fourth quarter valued at about $30,000. Financial Avengers Inc. boosted its stake in Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after acquiring an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp grew its position in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after acquiring an additional 81 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

HON opened at $211.94 on Friday. The stock has a market capitalization of $137.74 billion, a P/E ratio of 24.33, a PEG ratio of 2.51 and a beta of 1.05. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77. The stock has a 50-day moving average price of $220.43 and a 200-day moving average price of $215.37.

Honeywell International (NASDAQ:HON) last issued 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 net margin of 14.82% and a return on equity of 35.78%. Equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio (DPR) is currently 51.89%.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HON shares. JPMorgan Chase & Co. dropped their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Citigroup reduced their target price on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $248.71.

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.