Burling Wealth Partners LLC Invests $5.97 Million in Honeywell International Inc. (NASDAQ:HON)

Burling Wealth Partners LLC bought a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 26,436 shares of the conglomerate’s stock, valued at approximately $5,972,000. Honeywell International accounts for 1.2% of Burling Wealth Partners LLC’s holdings, making the stock its 23rd biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International in the fourth quarter worth about $25,000. Avalon Trust Co boosted its stake in shares of Honeywell International by 166.7% during the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Hoese & Co LLP acquired a new stake in shares of Honeywell International during the fourth quarter worth approximately $30,000. Curio Wealth LLC bought a new stake in shares of Honeywell International in the fourth quarter worth $35,000. Finally, Alexis Investment Partners LLC acquired a new stake in Honeywell International in the fourth quarter valued at $37,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HON. Citigroup decreased their price target on Honeywell International from $253.00 to $229.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the company from $236.00 to $260.00 in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $205.00 to $178.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Barclays lowered their target price on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company lowered their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Honeywell International presently has a consensus rating of “Hold” and a consensus price target of $242.15.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of HON opened at $197.31 on Thursday. The firm has a market capitalization of $126.92 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The stock’s fifty day moving average is $205.45 and its 200-day moving average is $215.88. Honeywell International Inc. has a one year low of $179.36 and a one year high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

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.