Keel Point LLC Acquires 394 Shares of Honeywell International Inc. (NASDAQ:HON)

Keel Point LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON) by 15.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,904 shares of the conglomerate’s stock after purchasing an additional 394 shares during the period. Keel Point LLC’s holdings in Honeywell International were worth $609,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ironwood Wealth Management LLC. lifted its position in shares of Honeywell International by 2.9% in the first quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock valued at $700,000 after acquiring an additional 100 shares in the last quarter. Fairfield Bush & CO. raised its position in Honeywell International by 5.4% during the first quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock valued at $1,864,000 after purchasing an additional 492 shares during the period. United Bank raised its position in Honeywell International by 25.0% during the first quarter. United Bank now owns 8,404 shares of the conglomerate’s stock valued at $1,635,000 after purchasing an additional 1,683 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Honeywell International by 31.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock valued at $151,949,000 after purchasing an additional 187,936 shares during the period. Finally, AMI Investment Management Inc. raised its position in Honeywell International by 16.8% during the first quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock valued at $224,000 after purchasing an additional 165 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Down 0.5 %

Shares of NASDAQ:HON opened at $193.01 on Tuesday. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The stock has a market cap of $125.68 billion, a P/E ratio of 22.91, a price-to-earnings-growth ratio of 2.24 and a beta of 1.02. The business’s 50 day moving average is $198.54 and its 200 day moving average is $195.82. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01.

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 return on equity of 35.17% and a net margin of 15.43%. Honeywell International’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.52 earnings per share. Sell-side analysts predict that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Insider Buying and Selling

In other news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was 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 approximately $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada cut their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Wells Fargo & Company upped their target price on Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. Barclays upped their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $219.67.

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.