Birchcreek Wealth Management LLC Has $337,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Birchcreek Wealth Management LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,607 shares of the conglomerate’s stock after selling 128 shares during the quarter. Birchcreek Wealth Management LLC’s holdings in Honeywell International were worth $337,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Honeywell International during the fourth quarter worth about $31,000. Cordant Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $37,000. TFO Wealth Partners LLC increased 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 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. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on 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 transaction, the director now directly 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 is available through the SEC website. 0.41% of the stock is owned by company insiders.

Honeywell International Trading Down 0.2 %

Shares of Honeywell International stock traded down $0.44 on Monday, reaching $193.01. 1,157,988 shares of the company’s stock were exchanged, compared to its average volume of 2,995,334. The company has a market capitalization of $125.69 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The firm’s 50-day moving average is $198.18 and its two-hundred day moving average is $196.40. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. The firm had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.07 EPS. Sell-side analysts predict that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is currently 50.06%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HON shares. Barclays upped their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. 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. Royal Bank of Canada lowered their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Finally, 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 research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $215.71.

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.