Freestone Capital Holdings LLC Sells 111 Shares of Honeywell International Inc. (NASDAQ:HON)

Freestone Capital Holdings LLC reduced its stake in Honeywell International Inc. (NASDAQ:HON) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 30,693 shares of the conglomerate’s stock after selling 111 shares during the period. Freestone Capital Holdings LLC’s holdings in Honeywell International were worth $6,933,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Howard Capital Management Group LLC grew its holdings in Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock worth $571,000 after purchasing an additional 174 shares during the period. Robeco Institutional Asset Management B.V. increased its holdings in shares of Honeywell International by 5.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 29,295 shares of the conglomerate’s stock worth $6,056,000 after buying an additional 1,511 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in shares of Honeywell International by 413.2% in the third quarter. Catalyst Capital Advisors LLC now owns 3,228 shares of the conglomerate’s stock worth $667,000 after purchasing an additional 2,599 shares during the last quarter. United Advisor Group LLC bought a new stake in shares of Honeywell International in the third quarter worth $383,000. Finally, Marks Group Wealth Management Inc boosted its position in Honeywell International by 5.2% during the third quarter. Marks Group Wealth Management Inc now owns 44,210 shares of the conglomerate’s stock valued at $9,139,000 after acquiring an additional 2,168 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Honeywell International Price Performance

Honeywell International stock opened at $209.62 on Thursday. The firm has a 50-day moving average price of $217.47 and a 200-day moving average price of $216.10. The firm has a market capitalization of $136.24 billion, a PE ratio of 24.07, a price-to-earnings-growth 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.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, equities research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. Jefferies Financial Group raised their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a report on Tuesday, December 17th. Wells Fargo & Company cut their price target on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Bank of America raised their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada cut their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $248.71.

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.