Hurley Capital LLC Purchases New Stake in Honeywell International Inc. (NASDAQ:HON)

Hurley Capital LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 479 shares of the conglomerate’s stock, valued at approximately $109,000.

Other institutional investors have also made changes to their positions in the company. Baldwin Wealth Partners LLC MA increased its stake in shares of Honeywell International by 4.0% in the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate’s stock worth $15,203,000 after acquiring an additional 2,611 shares during the last quarter. Coordinated Financial Services Inc. acquired a new position in Honeywell International during the fourth quarter worth $361,000. Costello Asset Management INC acquired a new stake in shares of Honeywell International in the fourth quarter worth about $3,092,000. Raymond James Financial Inc. bought a new position in shares of Honeywell International in the 4th quarter valued at approximately $435,786,000. Finally, Dynasty Wealth Management LLC boosted its holdings in Honeywell International by 52.1% during the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate’s stock valued at $2,559,000 after acquiring an additional 3,879 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 7.6 %

Shares of HON opened at $190.99 on Friday. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $211.63 and a two-hundred day simple moving average of $217.01. The company has a market cap of $124.13 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.37%. Honeywell International’s payout ratio is 51.89%.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HON. Jefferies Financial Group raised their price target on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Citigroup reduced their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Finally, Barclays lowered their target price on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 26th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $249.08.

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.