Global Wealth Management Investment Advisory Inc. Buys 3,356 Shares of Honeywell International Inc. (NASDAQ:HON)

Global Wealth Management Investment Advisory Inc. boosted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 23.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,738 shares of the conglomerate’s stock after acquiring an additional 3,356 shares during the period. Global Wealth Management Investment Advisory Inc.’s holdings in Honeywell International were worth $3,720,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in Honeywell International in the fourth quarter valued at about $31,000. Cordant Inc. bought a new stake in shares of Honeywell International in the 4th quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $37,000. TFO Wealth Partners LLC lifted 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 worth $41,000 after buying an additional 114 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Honeywell International in the 4th quarter valued at $48,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HON. Barclays increased their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada reduced their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $215.71.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated 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 transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Trading Up 1.1 %

Shares of HON traded up $2.13 on Wednesday, reaching $194.86. 1,354,272 shares of the company’s stock were exchanged, compared to its average volume of 2,993,846. The business has a 50 day moving average price of $197.99 and a two-hundred day moving average price of $196.54. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The stock has a market capitalization of $126.89 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. 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 (NASDAQ:HON) last posted its quarterly 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 return on equity of 35.88% and a net margin of 15.52%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the business posted $2.07 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Research analysts anticipate that Honeywell International Inc. will post 9.95 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be paid a $1.08 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.22%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

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.