MONECO Advisors LLC Raises Stake in Honeywell International Inc. (NASDAQ:HON)

MONECO Advisors LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 67.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,556 shares of the conglomerate’s stock after acquiring an additional 1,838 shares during the quarter. MONECO Advisors LLC’s holdings in Honeywell International were worth $956,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Industrial Alliance Investment Management Inc. raised its position in shares of Honeywell International by 1,205.8% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after purchasing an additional 3,135 shares in the last quarter. Jag Capital Management LLC raised its position in shares of Honeywell International by 40.8% during the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after acquiring an additional 469 shares in the last quarter. Shulman DeMeo Asset Management LLC raised its position in shares of Honeywell International by 11.1% during the 4th quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after acquiring an additional 169 shares in the last quarter. Boyd Watterson Asset Management LLC OH raised its position in shares of Honeywell International by 0.3% during the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock valued at $5,624,000 after acquiring an additional 89 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its position in shares of Honeywell International by 1.7% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after acquiring an additional 8,493 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

HON opened at $192.74 on Wednesday. The firm has a market capitalization of $125.51 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The stock’s 50 day moving average price is $197.99 and its two-hundred day moving average price is $196.54. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. During the same quarter last year, the firm posted $2.07 EPS. The company’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that Honeywell International Inc. will post 9.95 earnings per share for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s payout ratio is presently 50.06%.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’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 completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.