Burling Wealth Partners LLC Takes $5.97 Million Position in Honeywell International Inc. (NASDAQ:HON)

Burling Wealth Partners LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, Holdings Channel.com reports. The firm purchased 26,436 shares of the conglomerate’s stock, valued at approximately $5,972,000. Honeywell International accounts for approximately 1.2% of Burling Wealth Partners LLC’s portfolio, making the stock its 23rd largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Valmark Advisers Inc. increased its stake in Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate’s stock worth $1,048,000 after acquiring an additional 45 shares during the period. ZWJ Investment Counsel Inc. increased its position in shares of Honeywell International by 3.4% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate’s stock worth $327,000 after purchasing an additional 47 shares during the period. Saxony Capital Management LLC raised its stake in Honeywell International by 4.0% in the fourth quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate’s stock valued at $277,000 after purchasing an additional 47 shares in the last quarter. Magnus Financial Group LLC lifted its position in Honeywell International by 0.5% during the fourth quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate’s stock worth $2,019,000 after purchasing an additional 48 shares during the period. Finally, Bill Few Associates Inc. increased its holdings in Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate’s stock valued at $3,524,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred 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 sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Honeywell International stock opened at $197.31 on Thursday. The stock has a market cap of $126.92 billion, a P/E ratio of 22.65, a P/E/G ratio of 2.51 and a beta of 1.01. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The company’s 50 day moving average price is $205.45 and its two-hundred day moving average price is $215.88. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date was Friday, February 28th. Honeywell International’s payout ratio is currently 51.89%.

Analyst Upgrades and Downgrades

HON has been the topic of several recent analyst reports. Morgan Stanley lifted their price target on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Royal Bank of Canada decreased their price target on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Barclays cut their price objective on Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. Citigroup lowered their price objective on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Honeywell International presently has an average rating of “Hold” and an average target price of $242.15.

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.