Honeywell International Inc. (NASDAQ:HON) Stake Boosted by Northcape Wealth Management LLC

Northcape Wealth Management LLC raised its position in Honeywell International Inc. (NASDAQ:HON) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,850 shares of the conglomerate’s stock after purchasing an additional 184 shares during the quarter. Northcape Wealth Management LLC’s holdings in Honeywell International were worth $1,856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Brighton Jones LLC grew its stake in shares of Honeywell International by 2.7% in the 4th quarter. Brighton Jones LLC now owns 18,653 shares of the conglomerate’s stock valued at $3,912,000 after purchasing an additional 496 shares during the period. Mission Wealth Management LP increased its holdings in Honeywell International by 7.1% during the 4th quarter. Mission Wealth Management LP now owns 13,710 shares of the conglomerate’s stock valued at $2,875,000 after purchasing an additional 906 shares in the last quarter. Ledyard National Bank raised its position in Honeywell International by 5.2% in the 4th quarter. Ledyard National Bank now owns 38,465 shares of the conglomerate’s stock valued at $8,066,000 after purchasing an additional 1,888 shares during the last quarter. Van ECK Associates Corp boosted its stake in Honeywell International by 3.4% in the fourth quarter. Van ECK Associates Corp now owns 917,812 shares of the conglomerate’s stock worth $192,474,000 after purchasing an additional 30,183 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. increased its stake in shares of Honeywell International by 2.1% in the fourth quarter. Adell Harriman & Carpenter Inc. now owns 57,231 shares of the conglomerate’s stock valued at $12,002,000 after buying an additional 1,189 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Trading Down 0.5 %

Honeywell International stock traded down $1.04 during midday trading on Tuesday, hitting $192.73. 3,127,683 shares of the stock were exchanged, compared to its average volume of 3,012,040. The stock has a market capitalization of $125.50 billion, a PE ratio of 22.33, a P/E/G ratio of 2.21 and a beta of 1.02. The company has a fifty day simple moving average of $198.11 and a two-hundred day simple moving average of $196.47. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period last year, the firm posted $2.07 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts anticipate that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a yield of 2.24%. Honeywell International’s dividend payout ratio (DPR) is currently 50.06%.

Analyst Ratings Changes

HON has been the topic of a number of research analyst reports. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. 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 on the stock in a research note on Friday, February 2nd. Barclays boosted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and an average price target of $215.71.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by insiders.

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.