Syon Capital LLC Acquires 1,565 Shares of Honeywell International Inc. (NASDAQ:HON)

Syon Capital LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 34.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,161 shares of the conglomerate’s stock after purchasing an additional 1,565 shares during the quarter. Syon Capital LLC’s holdings in Honeywell International were worth $1,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Rakuten Securities Inc. bought a new stake in Honeywell International in the fourth quarter valued at approximately $31,000. Cordant Inc. bought a new stake in Honeywell International in the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. bought a new stake in Honeywell International in the fourth quarter valued at approximately $37,000. TFO Wealth Partners LLC boosted its holdings 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 buying an additional 114 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $48,000. 75.91% of the stock is owned by institutional investors.

Insider Activity

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 value of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in 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 report on Wednesday, March 6th. Barclays increased their target price on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reduced their target price on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft restated 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $219.67.

Honeywell International Stock Performance

HON stock traded down $1.77 during trading hours on Thursday, reaching $193.02. The stock had a trading volume of 3,862,801 shares, compared to its average volume of 3,018,269. The stock has a market capitalization of $125.69 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.25 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a 50-day simple moving average of $198.35 and a 200 day simple moving average of $196.25. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.07 earnings per share. Analysts predict that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is presently 51.00%.

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.