Millstone Evans Group LLC Purchases Shares of 388 Honeywell International Inc. (NASDAQ:HON)

Millstone Evans Group LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 388 shares of the conglomerate’s stock, valued at approximately $88,000.

Other hedge funds have also added to or reduced their stakes in the company. Mainstream Capital Management LLC acquired a new position in Honeywell International during the 4th quarter valued at about $25,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International in the 3rd quarter worth approximately $25,000. Avalon Trust Co boosted its stake in shares of Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $30,000. Finally, Financial Avengers Inc. boosted its stake in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.4 %

Honeywell International stock opened at $210.12 on Friday. The stock has a market cap of $136.56 billion, a P/E ratio of 24.12, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The firm’s fifty day moving average price is $214.02 and its 200-day moving average price is $216.61. 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 analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Equities research analysts forecast that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. Honeywell International’s dividend payout ratio is presently 51.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup cut their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a research note on Wednesday, December 11th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Jefferies Financial Group upped their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. dropped their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $249.38.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.41% of the stock is owned by insiders.

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.