Patrick M Sweeney & Associates Inc. Buys Shares of 4,837 Honeywell International Inc. (NASDAQ:HON)

Patrick M Sweeney & Associates Inc. purchased a new position in Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, Holdings Channel.com reports. The firm purchased 4,837 shares of the conglomerate’s stock, valued at approximately $1,014,000. Honeywell International comprises about 0.9% of Patrick M Sweeney & Associates Inc.’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morton Capital Management LLC CA grew its holdings in shares of Honeywell International by 0.9% during the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock worth $1,077,000 after purchasing an additional 50 shares in the last quarter. Wayfinding Financial LLC lifted its position in Honeywell International by 3.4% in the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock worth $317,000 after purchasing an additional 50 shares during the period. Indiana Trust & Investment Management CO increased its holdings in Honeywell International by 0.9% in the 4th quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock valued at $1,167,000 after buying an additional 50 shares during the period. River Street Advisors LLC raised its stake in shares of Honeywell International by 2.0% in the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock valued at $545,000 after buying an additional 50 shares in the last quarter. Finally, Triton Wealth Management PLLC boosted its position in shares of Honeywell International by 4.7% during the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock valued at $233,000 after acquiring an additional 51 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HON has been the topic of several recent analyst reports. StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday, May 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 research note on Tuesday, April 16th. Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada decreased 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 report on Friday, February 2nd. Finally, Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $240.00 in a research note 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 given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $215.71.

Honeywell International Trading Up 0.6 %

Shares of HON stock traded up $1.20 on Wednesday, hitting $198.05. The stock had a trading volume of 1,752,193 shares, compared to its average volume of 3,000,817. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The company has a fifty day moving average price of $197.55 and a two-hundred day moving average price of $196.94. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The firm has a market cap of $128.97 billion, a P/E ratio of 22.84, a PEG ratio of 2.26 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion during the quarter, compared to analysts’ expectations of $9.03 billion. During the same quarter in the prior year, the company earned $2.07 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, analysts forecast that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, May 16th. Honeywell International’s dividend payout ratio is currently 50.06%.

Insider Activity

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the company’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction dated 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 directly owns 183,400 shares in the company, valued at $36,164,646. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.