EverSource Wealth Advisors LLC Has $436,000 Position in Honeywell International Inc. (NASDAQ:HON)

EverSource Wealth Advisors LLC increased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 31.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,077 shares of the conglomerate’s stock after buying an additional 495 shares during the period. EverSource Wealth Advisors LLC’s holdings in Honeywell International were worth $436,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Altshuler Shaham Ltd bought a new stake in shares of Honeywell International in the 4th quarter valued at about $27,000. Rakuten Securities Inc. acquired a new stake in Honeywell International during the 4th quarter valued at approximately $31,000. Cordant Inc. bought a new position in Honeywell International during the 4th quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $37,000. Finally, Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Honeywell International in the 4th quarter valued at $45,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 1.0 %

Shares of NASDAQ:HON traded down $1.99 during midday trading on Thursday, hitting $200.81. 348,676 shares of the company’s stock were exchanged, compared to its average volume of 2,915,800. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The company has a market cap of $130.77 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.35 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28. The stock has a 50 day moving average price of $198.40 and a 200-day moving average price of $198.51.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. During the same quarter in the prior year, the business posted $2.07 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Honeywell International Inc. will post 9.93 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced 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 2.15%. The ex-dividend date is Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Insider Buying and Selling

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale 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 stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the completion of the transaction, the chief financial officer now owns 55,471 shares in the company, valued at approximately $10,709,231.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the completion of the sale, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HON has been the topic of several recent analyst reports. StockNews.com upgraded shares of Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Barclays raised their target price on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada dropped their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research note on Friday, February 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.