GUNN & Co INVESTMENT MANAGEMENT INC. Makes New $325,000 Investment in Honeywell International Inc. (NASDAQ:HON)

GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,548 shares of the conglomerate’s stock, valued at approximately $325,000.

A number of other institutional investors have also made changes to their positions in HON. Morton Capital Management LLC CA grew its stake in Honeywell International by 0.9% in the third quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock valued at $1,077,000 after acquiring an additional 50 shares during the period. Wayfinding Financial LLC increased its stake in Honeywell International by 3.4% during the 4th quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after purchasing an additional 50 shares in the last quarter. Indiana Trust & Investment Management CO raised its holdings in Honeywell International by 0.9% during the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after buying an additional 50 shares during the last quarter. River Street Advisors LLC lifted its stake in shares of Honeywell International by 2.0% in the fourth quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock valued at $545,000 after buying an additional 50 shares in the last quarter. Finally, Triton Wealth Management PLLC increased its position in shares of Honeywell International by 4.7% during the fourth quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 51 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Up 1.1 %

HON opened at $195.81 on Monday. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The company has a market cap of $127.51 billion, a PE ratio of 22.69, a price-to-earnings-growth 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 company has a 50 day moving average of $197.66 and a 200 day moving average of $196.74.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $2.07 earnings per share. On average, sell-side analysts expect that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 17th will be given 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 2.21%. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Insider Activity at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on Monday, April 29th. The stock was 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 $10,709,231.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on 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 transaction, the director now owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction 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 sale, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada decreased their price objective 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. Barclays upped their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $215.71.

Honeywell International Company Profile

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.