Trueblood Wealth Management LLC Purchases Shares of 2,399 Honeywell International Inc. (NASDAQ:HON)

Trueblood Wealth Management LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,399 shares of the conglomerate’s stock, valued at approximately $503,000.

Several other large investors have also bought and sold shares of HON. True Wealth Design LLC bought a new stake in Honeywell International in the fourth quarter valued at approximately $31,000. TFO Wealth Partners LLC increased its stake in Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after buying an additional 114 shares during the last quarter. Fortis Capital Advisors LLC acquired a new position in Honeywell International during the fourth quarter valued at approximately $46,000. Raleigh Capital Management Inc. raised its stake in Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock worth $47,000 after buying an additional 76 shares during the last quarter. Finally, Impact Partnership Wealth LLC increased its stake in Honeywell International by 47.6% in the third quarter. Impact Partnership Wealth LLC now owns 273 shares of the conglomerate’s stock valued at $50,000 after purchasing an additional 88 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the 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 sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Honeywell International Stock Performance

Shares of HON traded up $0.12 during trading hours on Thursday, hitting $205.25. The stock had a trading volume of 3,441,745 shares, compared to its average volume of 3,082,042. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The firm has a 50-day moving average price of $199.02 and a 200 day moving average price of $195.08. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The firm has a market capitalization of $133.86 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same quarter in the previous year, the firm earned $2.52 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, research analysts anticipate that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.10%. Honeywell International’s payout ratio is 51.00%.

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.