Well Done LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Well Done LLC acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,067 shares of the conglomerate’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HON. 1776 Wealth LLC lifted its holdings in shares of Honeywell International by 2.7% in the 4th quarter. 1776 Wealth LLC now owns 1,918 shares of the conglomerate’s stock worth $411,000 after acquiring an additional 50 shares during the last quarter. Morton Capital Management LLC CA increased its position in Honeywell International by 0.9% during the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock valued at $1,077,000 after purchasing an additional 50 shares during the period. Wayfinding Financial LLC increased its position in Honeywell International by 3.4% during the 4th quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after purchasing an additional 50 shares during the period. Patten Group Inc. increased its position in Honeywell International by 0.4% during the 4th quarter. Patten Group Inc. now owns 11,705 shares of the conglomerate’s stock valued at $2,455,000 after purchasing an additional 52 shares during the period. Finally, Gilbert & Cook Inc. grew its position in shares of Honeywell International by 1.9% in the 2nd quarter. Gilbert & Cook Inc. now owns 2,885 shares of the conglomerate’s stock worth $599,000 after buying an additional 53 shares during the last quarter. Institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on HON shares. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays boosted their target price on shares of Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Royal Bank of Canada decreased their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Finally, Wells Fargo & Company boosted their target price on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $220.89.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the company’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 sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.45% of the company’s stock.

Honeywell International Trading Up 0.3 %

Shares of HON traded up $0.53 during mid-day trading on Thursday, reaching $205.66. The stock had a trading volume of 1,352,106 shares, compared to its average volume of 3,045,865. The business’s fifty day moving average is $198.87 and its 200 day moving average is $195.01. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market cap of $134.13 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the prior year, the company posted $2.52 earnings per share. Honeywell International’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Honeywell International Inc. will post 9.96 EPS 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 dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.10%. Honeywell International’s dividend payout ratio is presently 51.00%.

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.