First Trust Direct Indexing L.P. Purchases 1,877 Shares of Honeywell International Inc. (NASDAQ:HON)

First Trust Direct Indexing L.P. boosted its position in Honeywell International Inc. (NASDAQ:HON) by 13.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,479 shares of the conglomerate’s stock after buying an additional 1,877 shares during the period. First Trust Direct Indexing L.P.’s holdings in Honeywell International were worth $3,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Accurate Wealth Management LLC boosted its stake in Honeywell International by 4.0% during the 3rd quarter. Accurate Wealth Management LLC now owns 3,422 shares of the conglomerate’s stock valued at $638,000 after purchasing an additional 131 shares during the last quarter. Vicus Capital boosted its stake in Honeywell International by 10.3% during the 3rd quarter. Vicus Capital now owns 1,980 shares of the conglomerate’s stock valued at $366,000 after purchasing an additional 185 shares during the last quarter. First Pacific Financial boosted its stake in Honeywell International by 3,350.0% during the 3rd quarter. First Pacific Financial now owns 552 shares of the conglomerate’s stock valued at $102,000 after purchasing an additional 536 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Honeywell International by 5.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 139,940 shares of the conglomerate’s stock valued at $25,853,000 after purchasing an additional 6,952 shares during the last quarter. Finally, Mayfair Advisory Group LLC boosted its stake in Honeywell International by 7.3% during the 3rd quarter. Mayfair Advisory Group LLC now owns 2,463 shares of the conglomerate’s stock valued at $459,000 after purchasing an additional 168 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Insider Transactions at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated 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 completion of 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 SEC, which is available through this link. 0.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Honeywell International Price Performance

NASDAQ:HON traded up $2.57 during midday trading on Wednesday, hitting $195.30. The company had a trading volume of 5,084,572 shares, compared to its average volume of 3,038,313. The stock’s fifty day moving average price is $197.99 and its 200-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 52-week low of $174.88 and a 52-week high of $210.87. The company has a market capitalization of $127.18 billion, a PE ratio of 22.63, a P/E/G ratio of 2.23 and a beta of 1.02.

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

Honeywell International Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio is currently 50.06%.

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.