Steward Partners Investment Solutions LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Steward Partners Investment Solutions LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) during the fourth quarter, Holdings Channel reports. The fund bought 10,085 shares of the conglomerate’s stock, valued at approximately $2,115,000. Honeywell International accounts for 0.9% of Steward Partners Investment Solutions LLC’s holdings, making the stock its 28th biggest position.

Other institutional investors also recently bought and sold shares of the company. Industrial Alliance Investment Management Inc. raised its stake in Honeywell International by 1,205.8% during the third quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock worth $627,000 after purchasing an additional 3,135 shares during the period. Jag Capital Management LLC raised its stake in Honeywell International by 40.8% during the third quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock worth $299,000 after purchasing an additional 469 shares during the period. Torray Investment Partners LLC increased its position in shares of Honeywell International by 0.3% during the fourth quarter. Torray Investment Partners LLC now owns 58,708 shares of the conglomerate’s stock valued at $12,312,000 after acquiring an additional 190 shares during the last quarter. Shulman DeMeo Asset Management LLC increased its position in shares of Honeywell International by 11.1% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after acquiring an additional 169 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH increased its position in shares of Honeywell International by 0.3% during the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 26,817 shares of the conglomerate’s stock valued at $5,624,000 after acquiring an additional 89 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Honeywell International

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Gregory P. Lewis sold 25,209 shares of the company’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 completion of the sale, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, Director Darius Adamczyk sold 28,500 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a research report on Wednesday, May 15th. Barclays lifted their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated 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. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $215.71.

Get Our Latest Stock Report on HON

Honeywell International Stock Up 0.1 %

Shares of HON stock traded up $0.22 during trading on Monday, reaching $202.41. The company’s stock had a trading volume of 809,122 shares, compared to its average volume of 2,903,048. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The company has a market capitalization of $131.81 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 2.34 and a beta of 1.03. The stock’s 50-day moving average price is $198.50 and its 200 day moving average price is $199.22. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87.

Honeywell International (NASDAQ:HONGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the previous year, the business posted $2.07 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. On average, research analysts anticipate that Honeywell International Inc. will post 9.93 EPS for the current year.

Honeywell International Dividend Announcement

The business 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 dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.13%. Honeywell International’s dividend payout ratio is presently 50.06%.

About Honeywell International

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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