Checchi Capital Advisers LLC Decreases Holdings in Honeywell International Inc. (NASDAQ:HON)

Checchi Capital Advisers LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON – Get Rating) by 9.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,318 shares of the conglomerate’s stock after selling 670 shares during the period. Checchi Capital Advisers LLC’s holdings in Honeywell International were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Honeywell International by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 60,387,360 shares of the conglomerate’s stock worth $10,082,878,000 after purchasing an additional 156,753 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Honeywell International by 2.9% in the 3rd quarter. Royal Bank of Canada now owns 7,422,464 shares of the conglomerate’s stock valued at $1,239,327,000 after purchasing an additional 211,341 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Honeywell International by 3.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,376,260 shares of the conglomerate’s stock valued at $656,953,000 after purchasing an additional 110,490 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Honeywell International by 2.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,337,601 shares of the conglomerate’s stock valued at $390,310,000 after acquiring an additional 47,259 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in Honeywell International by 3.3% during the third quarter. UBS Asset Management Americas Inc. now owns 2,336,348 shares of the conglomerate’s stock worth $390,100,000 after purchasing an additional 73,878 shares during the period. 74.30% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Trading Up 0.9 %

NASDAQ:HON traded up $1.79 during midday trading on Friday, hitting $194.06. The stock had a trading volume of 212,754 shares, compared to its average volume of 2,863,151. The company has a quick ratio of 0.94, a current ratio of 1.26 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $129.18 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.29 and a beta of 1.09. The stock has a 50-day moving average of $195.01 and a 200 day moving average of $198.25. Honeywell International Inc. has a one year low of $166.63 and a one year high of $220.96.

Honeywell International (NASDAQ:HON – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The conglomerate reported $2.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.14. Honeywell International had a net margin of 14.53% and a return on equity of 34.01%. The business had revenue of $8.86 billion for the quarter, compared to the consensus estimate of $8.51 billion. During the same period in the previous year, the firm earned $1.91 EPS. The business’s revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Honeywell International Inc. will post 9.15 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, May 12th will be issued a $1.03 dividend. The ex-dividend date is Thursday, May 11th. This represents a $4.12 dividend on an annualized basis and a dividend yield of 2.12%. Honeywell International’s payout ratio is currently 53.51%.

Insider Transactions at Honeywell International

In other news, COO Vimal Kapur sold 6,500 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $197.46, for a total transaction of $1,283,490.00. Following the sale, the chief operating officer now owns 8,622 shares in the company, valued at approximately $1,702,500.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. HSBC lifted their price target on Honeywell International from $190.00 to $205.00 and gave the company a “hold” rating in a research report on Tuesday, February 14th. Morgan Stanley increased their price target on Honeywell International from $209.00 to $213.00 and gave the stock an “equal weight” rating in a research report on Friday, February 3rd. Citigroup boosted their price target on shares of Honeywell International from $240.00 to $242.00 in a report on Friday, April 28th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Honeywell International from $235.00 to $228.00 and set a “buy” rating on the stock in a research note on Wednesday, April 12th. Finally, Royal Bank of Canada lifted their price objective on Honeywell International from $204.00 to $208.00 and gave the company a “sector perform” rating in a research report on Wednesday, March 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $214.56.

About Honeywell International

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.