First Trust Direct Indexing L.P. Acquires 1,877 Shares of Honeywell International Inc. (NASDAQ:HON)

First Trust Direct Indexing L.P. increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,479 shares of the conglomerate’s stock after buying an additional 1,877 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Honeywell International were worth $3,246,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cordant Inc. acquired a new stake in Honeywell International during the fourth quarter worth about $31,000. Rakuten Securities Inc. acquired a new stake in Honeywell International during the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new stake in Honeywell International during the fourth quarter valued at approximately $37,000. TFO Wealth Partners LLC boosted its holdings in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 114 shares in the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 76 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HON. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Royal Bank of Canada reduced their target price on 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, Barclays boosted their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $215.71.

Insider Buying and Selling

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International Trading Up 1.3 %

HON stock traded up $2.57 during trading on Wednesday, hitting $195.30. The company had a trading volume of 5,084,572 shares, compared to its average volume of 3,038,313. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average price of $197.99 and a 200-day moving average price of $196.54. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The stock has a market cap of $127.18 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 2.23 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share 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 firm 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 company posted $2.07 EPS. Honeywell International’s revenue was up 2.7% on a year-over-year basis. As a group, analysts predict that Honeywell International Inc. will post 9.95 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.21%. The ex-dividend date is Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

About Honeywell International

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.