Honeywell International Inc. (NASDAQ:HON) Stake Raised by Wealthspire Advisors LLC

Wealthspire Advisors LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 3.9% during the 4th quarter, Holdings Channel reports. The fund owned 5,977 shares of the conglomerate’s stock after acquiring an additional 226 shares during the quarter. Wealthspire Advisors LLC’s holdings in Honeywell International were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in HON. Barclays PLC lifted its holdings in shares of Honeywell International by 57.3% in the third quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after buying an additional 1,162,518 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Honeywell International by 6,557.2% in the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock worth $197,266,000 after purchasing an additional 926,531 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Honeywell International by 853.0% during the third quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock worth $163,980,000 after buying an additional 794,489 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position 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 buying an additional 636,104 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Honeywell International by 27.5% in the fourth quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock valued at $364,831,000 after buying an additional 375,158 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Honeywell International stock traded up $0.65 during trading hours on Friday, reaching $201.28. 78,833 shares of the company were exchanged, compared to its average volume of 2,965,701. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The firm has a market cap of $131.07 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 2.26 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. The stock has a 50-day moving average of $197.56 and a 200 day moving average of $196.95.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The firm had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the company earned $2.07 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, research 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 disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $1.08 dividend. 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 2.15%. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Activity

In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 sale, the director now directly 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 hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International 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 completion of the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a research report on Thursday. Berenberg Bank upgraded 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 research report on Wednesday, March 6th. Royal Bank of Canada lowered 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 report on Friday, February 2nd. Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average 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.