Heritage Wealth Management LLC Makes New $1.65 Million Investment in Honeywell International Inc. (NASDAQ:HON)

Heritage Wealth Management LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,872 shares of the conglomerate’s stock, valued at approximately $1,651,000. Honeywell International makes up approximately 0.9% of Heritage Wealth Management LLC’s portfolio, making the stock its 24th largest position.

A number of other hedge funds have also modified their holdings of the stock. Cordant Inc. acquired a new position in shares of Honeywell International during the 4th quarter worth $31,000. Rakuten Securities Inc. bought a new position in Honeywell International during the fourth quarter valued at about $31,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 4th quarter worth about $37,000. TFO Wealth Partners LLC increased its holdings in shares of Honeywell International by 105.6% during the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after acquiring an additional 114 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in shares of Honeywell International by 42.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after acquiring an additional 76 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly 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 Securities & Exchange Commission, which is available at the SEC website. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now owns 183,400 shares in the company, valued at $36,164,646. The disclosure for this sale can be found here. 0.41% of the stock is owned by insiders.

Honeywell International Stock Performance

Shares of NASDAQ:HON traded down $1.46 during trading on Thursday, hitting $193.84. 856,312 shares of the stock were exchanged, compared to its average volume of 3,013,457. The company has a market capitalization of $126.23 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 2.22 and a beta of 1.02. 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 Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company’s fifty day simple moving average is $197.90 and its 200-day simple moving average is $196.53.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share 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 the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.07 earnings per share. Sell-side analysts expect that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be given a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 annualized dividend and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio (DPR) is presently 50.06%.

Wall Street Analyst Weigh In

Several brokerages have commented on HON. Royal Bank of Canada lowered their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Barclays upped their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $215.71.

About Honeywell International

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.