Honeywell International Inc. (NASDAQ:HON) Shares Acquired by ERn Financial LLC

ERn Financial LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,313 shares of the conglomerate’s stock after purchasing an additional 215 shares during the period. ERn Financial LLC’s holdings in Honeywell International were worth $1,063,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HON. True Wealth Design LLC acquired a new position in shares of Honeywell International during the fourth quarter worth $31,000. TFO Wealth Partners LLC raised its holdings in Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 114 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in Honeywell International in the fourth quarter valued at $46,000. Raleigh Capital Management Inc. raised its holdings in Honeywell International by 42.0% in the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after acquiring an additional 76 shares in the last quarter. Finally, Impact Partnership Wealth LLC raised its holdings in Honeywell International by 47.6% in the third quarter. Impact Partnership Wealth LLC now owns 273 shares of the conglomerate’s stock valued at $50,000 after acquiring an additional 88 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HON. Wells Fargo & Company upped their price target on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, December 19th. Barclays upped their price target on shares of Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Royal Bank of Canada dropped 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $220.89.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $0.12 during trading on Friday, hitting $205.25. 3,594,210 shares of the stock were exchanged, compared to its average volume of 2,914,256. The stock’s fifty day moving average is $199.12 and its 200 day moving average is $195.15. The stock has a market cap of $133.86 billion, a PE ratio of 24.23, a P/E/G ratio of 2.31 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. 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 quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping the consensus estimate of $2.59 by $0.01. The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.52 earnings per share. As a group, sell-side analysts anticipate that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.10%. Honeywell International’s dividend payout ratio is presently 51.00%.

Insider Activity 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 owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.45% of the stock is currently owned by insiders.

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.