Ballast Inc. Grows Holdings in Honeywell International Inc. (NASDAQ:HON)

Ballast Inc. raised its position in Honeywell International Inc. (NASDAQ:HON) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,502 shares of the conglomerate’s stock after purchasing an additional 515 shares during the quarter. Ballast Inc.’s holdings in Honeywell International were worth $1,154,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HON. Morton Capital Management LLC CA grew its stake in shares of Honeywell International by 0.9% during the third quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock worth $1,077,000 after purchasing an additional 50 shares in the last quarter. Wayfinding Financial LLC lifted its stake in Honeywell International by 3.4% during the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock worth $317,000 after purchasing an additional 50 shares during the last quarter. 1776 Wealth LLC increased its stake in Honeywell International by 2.7% in the fourth quarter. 1776 Wealth LLC now owns 1,918 shares of the conglomerate’s stock valued at $411,000 after purchasing an additional 50 shares during the last quarter. Patten Group Inc. boosted its holdings in shares of Honeywell International by 0.4% in the 4th quarter. Patten Group Inc. now owns 11,705 shares of the conglomerate’s stock valued at $2,455,000 after buying an additional 52 shares in the last quarter. Finally, Gilbert & Cook Inc. lifted its position in Honeywell International by 1.9% in the second quarter. Gilbert & Cook Inc. now owns 2,885 shares of the conglomerate’s stock valued at $599,000 after acquiring an additional 53 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 19th. Barclays raised their price target on Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada lowered their target price on 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Honeywell International currently has a consensus rating of “Hold” and a consensus price target of $220.89.

Insider Activity at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were 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 $36,164,646. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.45% of the stock is currently owned by corporate insiders.

Honeywell International Trading Up 0.1 %

Shares of HON opened at $205.25 on Friday. The firm’s 50-day moving average is $199.02 and its two-hundred day moving average is $195.08. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $133.86 billion, a P/E ratio of 24.23, a PEG ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the previous year, the company posted $2.52 EPS. The business’s revenue was up 2.8% on a year-over-year basis. On average, research analysts predict that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

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