385 Shares in Honeywell International Inc. (NASDAQ:HON) Bought by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 385 shares of the conglomerate’s stock, valued at approximately $81,000.

Several other large investors have also modified their holdings of HON. Cordant Inc. acquired a new position in Honeywell International during the 4th quarter valued at $31,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International in the fourth quarter worth about $37,000. TFO Wealth Partners LLC raised its position in Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in Honeywell International by 42.0% during 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 in the last quarter. Finally, Impact Partnership Wealth LLC lifted its stake in shares of 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.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on 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 sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International Stock Performance

Shares of HON stock opened at $195.58 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The company has a market capitalization of $127.36 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The company’s 50 day moving average price is $198.31 and its two-hundred day moving average price is $196.18.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period last year, the company earned $2.52 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.21%. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HON. Royal Bank of Canada reduced 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 note on Friday, February 2nd. Barclays increased their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $219.67.

Honeywell International Company 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.