Well Done LLC Takes Position in Honeywell International Inc. (NASDAQ:HON)

Well Done LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,067 shares of the conglomerate’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ironwood Wealth Management LLC. raised its holdings in Honeywell International by 2.9% in the first quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock worth $700,000 after purchasing an additional 100 shares in the last quarter. Fairfield Bush & CO. raised its holdings in Honeywell International by 5.4% in the first quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock worth $1,864,000 after purchasing an additional 492 shares in the last quarter. United Bank raised its holdings in Honeywell International by 25.0% in the first quarter. United Bank now owns 8,404 shares of the conglomerate’s stock worth $1,635,000 after purchasing an additional 1,683 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Honeywell International by 31.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock worth $151,949,000 after purchasing an additional 187,936 shares in the last quarter. Finally, AMI Investment Management Inc. increased its holdings in shares of Honeywell International by 16.8% during the first quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock valued at $224,000 after acquiring an additional 165 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on HON. Barclays upped their price objective on Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. Wells Fargo & Company raised their target price on Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 19th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average price target of $220.89.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.45% of the company’s stock.

Honeywell International Price Performance

HON traded up $0.53 during trading on Thursday, reaching $205.66. 1,352,106 shares of the stock were exchanged, compared to its average volume of 3,045,865. The business’s 50 day moving average price is $198.87 and its two-hundred day moving average price is $195.01. The company has a market capitalization of $134.13 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 2.26 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. Honeywell International Inc. has a 1 year low of $174.88 and a 1 year high of $210.87.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. 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 business posted $2.52 EPS. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $1.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.10%. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

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.