Honeywell International Inc. (NASDAQ:HON) Shares Bought by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,116 shares of the conglomerate’s stock after buying an additional 2,945 shares during the quarter. First Horizon Advisors Inc.’s holdings in Honeywell International were worth $9,881,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Cordant Inc. purchased a new position in shares of Honeywell International during the 4th quarter worth $31,000. Rakuten Securities Inc. acquired a new position in Honeywell International in the fourth quarter valued at $31,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the fourth quarter valued at about $37,000. TFO Wealth Partners LLC raised its holdings in shares of Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the period. Finally, Raleigh Capital Management Inc. lifted its stake in shares of Honeywell International by 42.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after purchasing an additional 76 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HON has been the topic of a number of recent research reports. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday. Barclays raised their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Royal Bank of Canada lowered their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $215.71.

Honeywell International Stock Up 1.1 %

HON stock traded up $2.17 during midday trading on Friday, hitting $195.81. 2,251,099 shares of the company’s stock were exchanged, compared to its average volume of 3,035,006. The stock has a market capitalization of $127.51 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm has a 50 day moving average price of $197.76 and a 200-day moving average price of $196.51. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.07 EPS. On average, analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

Insider Transactions at Honeywell International

In related news, CFO Gregory P. Lewis sold 25,209 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares in the company, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.