Cwm LLC Sells 99,793 Shares of Honeywell International Inc. (NASDAQ:HON)

Cwm LLC cut its holdings in Honeywell International Inc. (NASDAQ:HON) by 73.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,485 shares of the conglomerate’s stock after selling 99,793 shares during the period. Cwm LLC’s holdings in Honeywell International were worth $7,651,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Industrial Alliance Investment Management Inc. grew its holdings in Honeywell International by 1,205.8% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after purchasing an additional 3,135 shares during the last quarter. Jag Capital Management LLC grew its holdings in Honeywell International by 40.8% during the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after purchasing an additional 469 shares during the last quarter. Shulman DeMeo Asset Management LLC grew its holdings in Honeywell International by 11.1% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after purchasing an additional 169 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in Honeywell International by 1.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after purchasing an additional 8,493 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in Honeywell International during the 3rd quarter valued at about $203,000. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of HON opened at $195.58 on Tuesday. The company has a 50 day moving average price of $198.31 and a 200-day moving average price of $196.18. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The stock has a market capitalization of $127.36 billion, a PE ratio of 23.09, a PEG ratio of 2.23 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the prior year, the company earned $2.52 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Equities analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.21%. Honeywell International’s payout ratio is presently 51.00%.

Analysts Set New Price Targets

Several research firms have issued reports on HON. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. 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 report on Tuesday, April 16th. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Finally, Barclays boosted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $219.67.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by company insiders.

Honeywell International Company 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.