Kestra Private Wealth Services LLC Has $7.93 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Kestra Private Wealth Services LLC decreased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 3.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,833 shares of the conglomerate’s stock after selling 1,459 shares during the period. Kestra Private Wealth Services LLC’s holdings in Honeywell International were worth $7,934,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new stake in Honeywell International during the 4th quarter worth $31,000. Cordant Inc. bought a new position in shares of Honeywell International during the fourth quarter worth $31,000. Financial Connections Group Inc. bought a new position in shares of Honeywell International during the fourth quarter worth $37,000. TFO Wealth Partners LLC boosted its position in shares of Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Honeywell International during the fourth quarter worth $48,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.76 during trading on Tuesday, hitting $193.01. 892,490 shares of the stock were exchanged, compared to its average volume of 2,987,344. The stock has a market capitalization of $125.69 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The company has a fifty day moving average price of $198.11 and a 200-day moving average price of $196.47. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

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 business had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. Honeywell International’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.07 EPS. As a group, equities analysts predict that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.24%. Honeywell International’s payout ratio is 50.06%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the 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 approximately $36,164,646. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HON shares. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada cut 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 report on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Barclays boosted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $215.71.

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.