Honeywell International Inc. (NASDAQ:HON) Stock Position Lifted by Westbourne Investment Advisors Inc.

Westbourne Investment Advisors Inc. grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,795 shares of the conglomerate’s stock after purchasing an additional 70 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Honeywell International were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in shares of Honeywell International in the fourth quarter worth $31,000. TFO Wealth Partners LLC boosted its stake in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after buying an additional 114 shares during the period. Fortis Capital Advisors LLC bought a new position in shares of Honeywell International during the fourth quarter valued at approximately $46,000. Raleigh Capital Management Inc. increased its stake in Honeywell International by 42.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after buying an additional 76 shares during the period. Finally, Impact Partnership Wealth LLC grew its position in Honeywell International by 47.6% during the third quarter. Impact Partnership Wealth LLC now owns 273 shares of the conglomerate’s stock valued at $50,000 after acquiring an additional 88 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated 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 directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HON has been the subject of a number of recent analyst reports. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Wells Fargo & Company lifted 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 report on Tuesday, February 6th. Finally, Royal Bank of Canada cut their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $220.89.

Honeywell International Price Performance

HON stock traded up $0.65 during trading on Thursday, reaching $205.78. 779,234 shares of the company were exchanged, compared to its average volume of 3,036,625. Honeywell International Inc. has a twelve month low of $174.88 and a twelve 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. The company has a market capitalization of $134.21 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 2.26 and a beta of 1.02. The company has a 50-day moving average of $198.87 and a two-hundred day moving average of $195.01.

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 return on equity of 35.17% and a net margin of 15.43%. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter last year, the firm posted $2.52 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities analysts predict that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.10%. Honeywell International’s dividend payout ratio (DPR) is currently 51.00%.

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.