Hexagon Capital Partners LLC Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Hexagon Capital Partners LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 9.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,362 shares of the conglomerate’s stock after purchasing an additional 120 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Honeywell International were worth $286,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Accurate Wealth Management LLC grew its holdings in shares of Honeywell International by 4.0% during the third quarter. Accurate Wealth Management LLC now owns 3,422 shares of the conglomerate’s stock worth $638,000 after purchasing an additional 131 shares during the last quarter. Vicus Capital grew its holdings in shares of Honeywell International by 10.3% during the third quarter. Vicus Capital now owns 1,980 shares of the conglomerate’s stock worth $366,000 after purchasing an additional 185 shares during the last quarter. First Pacific Financial grew its holdings in shares of Honeywell International by 3,350.0% during the third quarter. First Pacific Financial now owns 552 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 536 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Honeywell International by 5.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 139,940 shares of the conglomerate’s stock worth $25,853,000 after purchasing an additional 6,952 shares during the last quarter. Finally, Mayfair Advisory Group LLC grew its holdings in shares of Honeywell International by 7.3% during the third quarter. Mayfair Advisory Group LLC now owns 2,463 shares of the conglomerate’s stock worth $459,000 after purchasing an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Royal Bank of Canada dropped their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $215.71.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction 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 of the company’s stock, valued at $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International Price Performance

Shares of HON stock traded up $2.01 during midday trading on Wednesday, reaching $194.74. 944,256 shares of the company traded hands, compared to its average volume of 2,988,938. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The firm has a market cap of $126.81 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The firm’s 50 day simple moving average is $197.99 and its two-hundred day simple moving average is $196.54.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.07 EPS. On average, equities research analysts expect that Honeywell International Inc. will post 9.95 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a $1.08 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.22%. Honeywell International’s dividend payout ratio is presently 50.06%.

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.