Good Life Advisors LLC Has $1.97 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Good Life Advisors LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,383 shares of the conglomerate’s stock after purchasing an additional 69 shares during the period. Good Life Advisors LLC’s holdings in Honeywell International were worth $1,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC bought a new position in Honeywell International in the 4th quarter valued at about $31,000. Fortis Capital Advisors LLC bought a new position in Honeywell International in the 4th quarter valued at about $46,000. TFO Wealth Partners LLC lifted its position in Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 114 shares in the last quarter. Altshuler Shaham Ltd bought a new position in Honeywell International in the 4th quarter valued at about $55,000. Finally, Raleigh Capital Management Inc. lifted its position in Honeywell International by 42.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after acquiring an additional 76 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of Honeywell International 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 sale, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

HON has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on shares of Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 19th. Barclays increased their price objective on shares of Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, February 6th. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada decreased their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $220.89.

Honeywell International Stock Performance

Honeywell International stock traded up $4.13 during midday trading on Wednesday, reaching $205.13. 2,759,742 shares of the company traded hands, compared to its average volume of 3,076,034. The firm has a market capitalization of $133.78 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The business has a 50 day moving average of $198.87 and a two-hundred day moving average of $195.01. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same period in the prior year, the company earned $2.52 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. As a group, research analysts predict that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.11%. Honeywell International’s payout ratio is 51.00%.

Honeywell International 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.