Gallagher Fiduciary Advisors LLC Grows Position in Honeywell International Inc. (NASDAQ:HON)

Gallagher Fiduciary Advisors LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 10.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,599 shares of the conglomerate’s stock after buying an additional 237 shares during the period. Gallagher Fiduciary Advisors LLC’s holdings in Honeywell International were worth $587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Mainstream Capital Management LLC bought a new stake in Honeywell International in the fourth quarter worth $25,000. Avalon Trust Co grew its stake in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after buying an additional 75 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Honeywell International in the 4th quarter worth about $30,000. Curio Wealth LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $35,000. Finally, Alexis Investment Partners LLC bought a new position in shares of Honeywell International in the 4th quarter valued at about $37,000. 75.91% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $210.74 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock’s fifty day moving average price is $205.02 and its 200-day moving average price is $215.61. The firm has a market cap of $135.56 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.51 and a beta of 1.01. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77.

Honeywell International (NASDAQ:HON) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.30. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same quarter last year, the firm posted $2.25 EPS. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.14%. Honeywell International’s dividend payout ratio (DPR) is presently 51.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HON shares. Barclays reduced their price objective on Honeywell International from $247.00 to $243.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wells Fargo & Company increased their price target on Honeywell International from $205.00 to $225.00 and gave the company an “equal weight” rating in a report on Wednesday. Royal Bank of Canada lifted their price objective on shares of Honeywell International from $211.00 to $226.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 11th. Finally, Citigroup dropped their target price on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $241.46.

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.