1,058 Shares in Honeywell International Inc. (NASDAQ:HON) Purchased by Element Wealth LLC

Element Wealth LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,058 shares of the conglomerate’s stock, valued at approximately $222,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Ameriprise Financial Inc. increased its stake in Honeywell International by 5.2% during the third quarter. Ameriprise Financial Inc. now owns 6,995,897 shares of the conglomerate’s stock worth $1,292,307,000 after acquiring an additional 347,808 shares during the last quarter. Northern Trust Corp grew its stake in Honeywell International by 4.3% in the third quarter. Northern Trust Corp now owns 6,433,543 shares of the conglomerate’s stock valued at $1,188,533,000 after purchasing an additional 263,640 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Honeywell International by 1.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,555,331 shares of the conglomerate’s stock worth $656,812,000 after purchasing an additional 34,135 shares during the last quarter. Barclays PLC grew its stake in shares of Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock valued at $589,462,000 after purchasing an additional 1,162,518 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its position in Honeywell International by 51.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock valued at $346,365,000 after buying an additional 636,104 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock traded up $0.58 during trading on Tuesday, reaching $196.16. The company had a trading volume of 2,554,614 shares, compared to its average volume of 3,000,213. The company has a market capitalization of $127.74 billion, a PE ratio of 23.19, a PEG ratio of 2.23 and a beta of 1.02. The firm’s 50 day simple moving average is $198.31 and its two-hundred day simple moving average is $196.18. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.52 earnings per share. Sell-side analysts forecast that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 51.00%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Royal Bank of Canada decreased their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Finally, Barclays lifted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $219.67.

Insider Buying and Selling

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.41% of the stock is owned by corporate insiders.

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.