CapWealth Advisors LLC Grows Stake in Honeywell International Inc. (NASDAQ:HON)

CapWealth Advisors LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,371 shares of the conglomerate’s stock after purchasing an additional 57 shares during the period. Honeywell International accounts for 1.5% of CapWealth Advisors LLC’s investment portfolio, making the stock its 29th biggest holding. CapWealth Advisors LLC’s holdings in Honeywell International were worth $12,451,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Morgan Stanley increased its stake in shares of Honeywell International by 1.6% in the fourth quarter. Morgan Stanley now owns 15,283,603 shares of the conglomerate’s stock worth $3,275,277,000 after purchasing an additional 241,992 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Honeywell International by 5.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock worth $1,292,307,000 after buying an additional 347,808 shares during the period. Northern Trust Corp grew its stake in Honeywell International by 4.3% in the 3rd quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock valued at $1,188,533,000 after buying an additional 263,640 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Honeywell International by 101,603.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock valued at $1,223,139,000 after acquiring an additional 5,701,989 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Honeywell International by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate’s stock worth $656,812,000 after acquiring an additional 34,135 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on 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 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 Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

NASDAQ:HON traded up $0.71 during midday trading on Thursday, hitting $191.07. The company had a trading volume of 602,847 shares, compared to its average volume of 2,986,046. The company has a market capitalization of $124.42 billion, a PE ratio of 22.47, a P/E/G ratio of 2.18 and a beta of 1.02. 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 Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The stock’s fifty day moving average price is $198.41 and its 200-day moving average price is $195.82.

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

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Wall Street Analysts Forecast Growth

HON has been the topic of several analyst reports. Barclays upped their price target on 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 decreased their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock 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.