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

Cwm LLC lowered its position in Honeywell International Inc. (NASDAQ:HON) by 73.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,485 shares of the conglomerate’s stock after selling 99,793 shares during the quarter. Cwm LLC’s holdings in Honeywell International were worth $7,651,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Legacy Capital Wealth Partners LLC bought a new position in Honeywell International in the third quarter valued at $207,000. Flagship Harbor Advisors LLC increased its stake in Honeywell International by 1.8% in the third quarter. Flagship Harbor Advisors LLC now owns 8,994 shares of the conglomerate’s stock valued at $1,662,000 after acquiring an additional 159 shares during the last quarter. Impact Partnership Wealth LLC increased its stake in Honeywell International by 47.6% in the third quarter. Impact Partnership Wealth LLC now owns 273 shares of the conglomerate’s stock valued at $50,000 after acquiring an additional 88 shares during the last quarter. 1900 Wealth Management LLC increased its stake in Honeywell International by 150.1% in the third quarter. 1900 Wealth Management LLC now owns 7,000 shares of the conglomerate’s stock valued at $1,293,000 after acquiring an additional 4,201 shares during the last quarter. Finally, Avior Wealth Management LLC increased its stake in Honeywell International by 7.9% in the third quarter. Avior Wealth Management LLC now owns 16,835 shares of the conglomerate’s stock valued at $3,110,000 after acquiring an additional 1,232 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

HON has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Barclays upped their price target 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. Royal Bank of Canada cut their price target 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, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $219.67.

Honeywell International Stock Performance

Honeywell International stock opened at $195.58 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average of $198.31 and a 200-day moving average of $196.18. The firm has a market cap of $127.36 billion, a P/E ratio of 23.09, a P/E/G ratio of 2.23 and a beta of 1.02. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. Honeywell International’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.52 earnings per share. Sell-side analysts expect that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

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

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.