Lafayette Investments Inc. Buys 500 Shares of Honeywell International Inc. (NASDAQ:HON)

Lafayette Investments Inc. boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,940 shares of the conglomerate’s stock after purchasing an additional 500 shares during the quarter. Lafayette Investments Inc.’s holdings in Honeywell International were worth $826,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HON. Cordant Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at about $31,000. Rakuten Securities Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at about $31,000. True Wealth Design LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at about $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at about $37,000. Finally, TFO Wealth Partners LLC grew its stake in shares of Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 114 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Price Performance

Shares of HON stock traded up $2.56 on Friday, reaching $193.64. The company had a trading volume of 922,382 shares, compared to its average volume of 2,976,853. The stock has a market capitalization of $126.09 billion, a PE ratio of 22.75, a price-to-earnings-growth ratio of 2.18 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87. The business’s 50-day moving average is $198.36 and its 200 day moving average is $195.79.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. The firm had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.52 earnings per share. Equities research analysts forecast that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’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 in the company, valued at approximately $36,164,646. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.41% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on HON shares. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Barclays increased their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada reduced their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and an average target price of $219.67.

Honeywell International 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.