Measured Wealth Private Client Group LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

Measured Wealth Private Client Group LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 964 shares of the conglomerate’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in shares of Honeywell International by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock valued at $1,292,307,000 after buying an additional 347,808 shares during the last quarter. Northern Trust Corp boosted its holdings in Honeywell International by 4.3% in the third quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock worth $1,188,533,000 after purchasing an additional 263,640 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Honeywell International by 1.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate’s stock worth $656,812,000 after purchasing an additional 34,135 shares during the last quarter. Barclays PLC boosted its holdings in Honeywell International by 57.3% in the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after purchasing an additional 1,162,518 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in Honeywell International by 51.3% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after purchasing an additional 636,104 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International 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 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 SEC, which can be accessed through this link. In other Honeywell International 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 approximately $10,709,231.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction 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 sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Honeywell International Price Performance

Shares of HON traded up $2.17 during trading hours on Friday, reaching $195.81. 2,251,381 shares of the stock traded hands, compared to its average volume of 2,992,784. The company has a current ratio of 1.66, a quick ratio of 1.28 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’s 50-day moving average price is $197.66 and its two-hundred day moving average price is $196.74. The company has a market cap of $127.51 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the company earned $2.07 EPS. Honeywell International’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada dropped their price target on shares of 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. Berenberg Bank upgraded 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 research note on Wednesday, March 6th. Finally, 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 research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $215.71.

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.