Palisade Asset Management LLC Acquires 340 Shares of Honeywell International Inc. (NASDAQ:HON)

Palisade Asset Management LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,949 shares of the conglomerate’s stock after purchasing an additional 340 shares during the quarter. Palisade Asset Management LLC’s holdings in Honeywell International were worth $4,393,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HON. Cordant Inc. acquired a new stake in shares of Honeywell International in the 4th quarter valued at approximately $31,000. Rakuten Securities Inc. bought a new position in shares of Honeywell International in the 4th quarter valued at about $31,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International in the 4th quarter valued at about $37,000. TFO Wealth Partners LLC increased its stake in shares of Honeywell International by 105.6% during 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 last quarter. Finally, Raleigh Capital Management Inc. raised its holdings 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 during the period. Institutional investors own 75.91% of the company’s stock.

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction on 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 owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’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 completion of 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. Company insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

NASDAQ HON traded up $1.20 on Wednesday, hitting $198.05. 1,714,510 shares of the company’s stock were exchanged, compared to its average volume of 2,993,933. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The stock has a 50-day moving average of $197.55 and a 200-day moving average of $196.94. 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 stock has a market cap of $128.97 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 2.26 and a beta of 1.02.

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

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $1.08 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.18%. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on HON shares. Barclays boosted their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Royal Bank of Canada reduced their price objective 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Finally, Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $215.71.

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.