Barlow Wealth Partners Inc. Acquires New Position in Honeywell International Inc. (NASDAQ:HON)

Barlow Wealth Partners Inc. bought a new position in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,922 shares of the conglomerate’s stock, valued at approximately $822,000.

A number of other institutional investors have also recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in Honeywell International in the fourth quarter worth approximately $31,000. Cordant Inc. bought a new position in Honeywell International in the fourth quarter valued at about $31,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 4th quarter valued at about $37,000. TFO Wealth Partners LLC increased its position in shares of Honeywell International by 105.6% during the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 114 shares during the last quarter. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of Honeywell International in the fourth quarter worth approximately $48,000. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Price Performance

HON stock traded up $1.20 during midday trading on Wednesday, hitting $198.05. The company’s stock had a trading volume of 1,788,255 shares, compared to its average volume of 3,000,908. The firm has a market capitalization of $128.97 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. 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. The company has a 50 day moving average of $197.55 and a two-hundred day moving average of $196.94.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same period last year, the company posted $2.07 earnings per share. Honeywell International’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Insider Transactions at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent research reports. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays raised their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada cut their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $215.71.

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.