MONECO Advisors LLC Raises Position in Honeywell International Inc. (NASDAQ:HON)

MONECO Advisors LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 67.6% during the 4th quarter, HoldingsChannel reports. The fund owned 4,556 shares of the conglomerate’s stock after acquiring an additional 1,838 shares during the quarter. MONECO Advisors LLC’s holdings in Honeywell International were worth $956,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Accurate Wealth Management LLC lifted its stake in shares of Honeywell International by 4.0% during the 3rd quarter. Accurate Wealth Management LLC now owns 3,422 shares of the conglomerate’s stock valued at $638,000 after buying an additional 131 shares in the last quarter. Vicus Capital lifted its stake in Honeywell International by 10.3% in the 3rd quarter. Vicus Capital now owns 1,980 shares of the conglomerate’s stock worth $366,000 after purchasing an additional 185 shares in the last quarter. First Pacific Financial lifted its stake in Honeywell International by 3,350.0% in the 3rd quarter. First Pacific Financial now owns 552 shares of the conglomerate’s stock worth $102,000 after purchasing an additional 536 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Honeywell International by 5.2% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 139,940 shares of the conglomerate’s stock worth $25,853,000 after purchasing an additional 6,952 shares in the last quarter. Finally, Mayfair Advisory Group LLC lifted its stake in Honeywell International by 7.3% in the 3rd quarter. Mayfair Advisory Group LLC now owns 2,463 shares of the conglomerate’s stock worth $459,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated 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 transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on HON shares. 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 target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Berenberg Bank upgraded shares of 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. Finally, StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $215.71.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $192.74 on Wednesday. The company has a market capitalization of $125.51 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.23 and a beta of 1.02. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The firm’s 50-day moving average is $197.99 and its 200 day moving average is $196.54. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.07 EPS. Research analysts predict that Honeywell International Inc. will post 9.95 EPS for the current year.

Honeywell International Announces Dividend

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 paid a $1.08 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. Honeywell International’s dividend payout ratio is currently 50.06%.

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.