Exchange Traded Concepts LLC Has $21.24 Million Position in Honeywell International Inc. $HON

Exchange Traded Concepts LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 16.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 108,878 shares of the conglomerate’s stock after purchasing an additional 15,578 shares during the period. Exchange Traded Concepts LLC’s holdings in Honeywell International were worth $21,241,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC increased its stake in shares of Honeywell International by 69.1% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 18,148 shares of the conglomerate’s stock worth $3,541,000 after acquiring an additional 7,416 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. boosted its position in Honeywell International by 55.1% during the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 4,342 shares of the conglomerate’s stock valued at $847,000 after purchasing an additional 1,542 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in Honeywell International by 68.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 3,621 shares of the conglomerate’s stock valued at $706,000 after purchasing an additional 1,475 shares in the last quarter. KMG Fiduciary Partners LLC grew its stake in Honeywell International by 343.7% in the fourth quarter. KMG Fiduciary Partners LLC now owns 11,253 shares of the conglomerate’s stock valued at $2,195,000 after purchasing an additional 8,717 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its position in Honeywell International by 8.7% in the 4th quarter. Capital Investment Advisors LLC now owns 179,760 shares of the conglomerate’s stock worth $35,069,000 after purchasing an additional 14,412 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the transaction, the director owned 31,081 shares in the company, valued at $7,459,440. This trade represents a 7.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. This represents a 52.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 18,190 shares of company stock valued at $4,244,287. 0.20% of the stock is owned by insiders.

Honeywell International Stock Performance

Shares of NASDAQ HON opened at $223.12 on Friday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The firm has a market cap of $141.83 billion, a price-to-earnings ratio of 27.92, a P/E/G ratio of 3.26 and a beta of 0.92. The business’s 50-day simple moving average is $233.39 and its 200-day simple moving average is $213.00. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $248.18.

Honeywell International (NASDAQ:HONGet Free Report) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.47 EPS. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 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 13th. Stockholders of record on Friday, February 27th were paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, February 27th. Honeywell International’s payout ratio is presently 59.57%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HON. Wolfe Research raised Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price target for the company in a research note on Friday, February 27th. Deutsche Bank Aktiengesellschaft boosted their price target on Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Evercore raised their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, January 30th. BMO Capital Markets started coverage on shares of Honeywell International in a research note on Friday. They issued an “outperform” rating and a $273.00 target price for the company. Finally, Vertical Research downgraded shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research report on Monday, January 5th. Thirteen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Honeywell International has an average rating of “Moderate Buy” and a consensus target price of $252.54.

Get Our Latest Stock Analysis on HON

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Honeywell International Company Profile

(Free Report)

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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