Tyche Wealth Partners LLC Buys Shares of 5,299 Honeywell International Inc. (NASDAQ:HON)

Tyche Wealth Partners LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 5,299 shares of the conglomerate’s stock, valued at approximately $1,111,000.

Several other institutional investors and hedge funds also recently bought and sold shares of HON. Cordant Inc. acquired a new position in Honeywell International in the 4th quarter valued at about $31,000. True Wealth Design LLC acquired a new position in shares of Honeywell International in the 4th quarter worth 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 holdings in shares of Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after acquiring an additional 114 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $46,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 1.7 %

Shares of NASDAQ:HON traded down $3.32 during trading hours on Tuesday, reaching $190.72. The stock had a trading volume of 2,801,349 shares, compared to its average volume of 3,026,815. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87. The firm’s 50 day moving average is $198.54 and its 200-day moving average is $195.82. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The stock has a market capitalization of $124.19 billion, a price-to-earnings ratio of 22.91, a P/E/G ratio of 2.24 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data 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 company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the prior year, the firm posted $2.52 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is presently 51.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of 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 shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday. Royal Bank of Canada reduced their target price 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. Finally, Wells Fargo & Company increased their target price on shares of Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $219.67.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.41% of the company’s stock.

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.