Honeywell International Inc. (NASDAQ:HON) Holdings Raised by Elk River Wealth Management LLC

Elk River Wealth Management LLC increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,860 shares of the conglomerate’s stock after buying an additional 348 shares during the quarter. Honeywell International comprises approximately 1.5% of Elk River Wealth Management LLC’s holdings, making the stock its 22nd largest position. Elk River Wealth Management LLC’s holdings in Honeywell International were worth $7,730,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Marco Investment Management LLC boosted its position in Honeywell International by 8.8% during the 2nd quarter. Marco Investment Management LLC now owns 41,396 shares of the conglomerate’s stock worth $8,590,000 after acquiring an additional 3,342 shares during the period. Industrial Alliance Investment Management Inc. lifted its holdings in shares of Honeywell International by 1,205.8% in the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock valued at $627,000 after buying an additional 3,135 shares during the period. Jag Capital Management LLC lifted its holdings in shares of Honeywell International by 40.8% in the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after buying an additional 469 shares during the period. Shulman DeMeo Asset Management LLC lifted its holdings in shares of Honeywell International by 11.1% in the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after buying an additional 169 shares during the period. Finally, Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Honeywell International by 1.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after buying an additional 8,493 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the 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 sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

Honeywell International Stock Up 1.6 %

HON stock traded up $3.14 during mid-day trading on Wednesday, hitting $204.14. The stock had a trading volume of 1,360,793 shares, compared to its average volume of 3,051,658. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a fifty day moving average of $198.81 and a 200 day moving average of $194.90. The stock has a market capitalization of $133.14 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.23 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period in the prior year, the firm posted $2.52 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a yield of 2.12%. Honeywell International’s payout ratio is 51.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on HON shares. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays upped their target price on Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a report on Tuesday, February 6th. Wells Fargo & Company upped their target price on Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, December 19th. Finally, Royal Bank of Canada reduced their target price 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. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $220.89.

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.