Independent Solutions Wealth Management LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON – Free Report) by 202.5% during the 4th quarter, HoldingsChannel reports. The fund owned 9,787 shares of the conglomerate’s stock after purchasing an additional 6,552 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Honeywell International were worth $1,909,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after purchasing an additional 1,582 shares during the period. Acadian Asset Management LLC raised its holdings in Honeywell International by 145.7% during the 1st quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock valued at $937,000 after buying an additional 2,629 shares during the period. Schnieders Capital Management LLC. lifted its position in Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock worth $1,844,000 after buying an additional 1,223 shares during the last quarter. Nebula Research & Development LLC lifted its position in Honeywell International by 3.1% in the second quarter. Nebula Research & Development LLC now owns 5,901 shares of the conglomerate’s stock worth $1,374,000 after buying an additional 176 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in Honeywell International by 4.4% during the second quarter. Main Street Financial Solutions LLC now owns 4,488 shares of the conglomerate’s stock worth $1,045,000 after buying an additional 188 shares during the period. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Honeywell International Stock Down 2.1%
NASDAQ:HON opened at $213.24 on Friday. The company has a market cap of $135.12 billion, a price-to-earnings ratio of 30.20, a price-to-earnings-growth ratio of 3.04 and a beta of 0.82. Honeywell International Inc. has a twelve month low of $186.76 and a twelve month high of $248.18. The company has a current ratio of 1.39, a quick ratio of 1.10 and a debt-to-equity ratio of 1.98. The stock has a fifty day simple moving average of $225.39 and a 200-day simple moving average of $216.12.
Honeywell International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 15th will be given a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.2%. Honeywell International’s dividend payout ratio (DPR) is 67.42%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on HON shares. Morgan Stanley boosted their price objective on shares of Honeywell International from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Thursday, March 12th. BMO Capital Markets began coverage on shares of Honeywell International in a research note on Friday, March 27th. They set an “outperform” rating and a $273.00 price target for the company. TD Cowen cut their price target on shares of Honeywell International from $240.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, April 24th. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $235.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, April 24th. Finally, Robert W. Baird raised their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Thirteen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $248.25.
Insider Buying and Selling at Honeywell International
In other news, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.15% of the company’s stock.
Honeywell International Company Profile
Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.
Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.
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