Wedbush Securities Inc. Acquires 581 Shares of Honeywell International Inc. (NASDAQ:HON)

Wedbush Securities Inc. increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,258 shares of the conglomerate’s stock after purchasing an additional 581 shares during the quarter. Wedbush Securities Inc.’s holdings in Honeywell International were worth $2,995,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its stake in shares of Honeywell International by 2.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,051,730 shares of the conglomerate’s stock valued at $237,575,000 after acquiring an additional 22,616 shares during the last quarter. Perennial Investment Advisors LLC boosted its stake in shares of Honeywell International by 5.2% during the fourth quarter. Perennial Investment Advisors LLC now owns 1,796 shares of the conglomerate’s stock valued at $406,000 after purchasing an additional 88 shares during the period. Resona Asset Management Co. Ltd. bought a new position in shares of Honeywell International in the fourth quarter worth approximately $43,029,000. Smith Moore & CO. increased its stake in shares of Honeywell International by 3.1% in the fourth quarter. Smith Moore & CO. now owns 8,995 shares of the conglomerate’s stock worth $2,032,000 after buying an additional 272 shares during the period. Finally, Provident Investment Management Inc. bought a new stake in Honeywell International during the 4th quarter valued at $494,000. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of HON opened at $190.99 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a market cap of $124.13 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.51 and a beta of 1.08. The business’s 50 day moving average price is $211.63 and its 200-day moving average price is $217.01. Honeywell International Inc. has a 52 week low of $189.75 and a 52 week high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate 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 anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.37%. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HON shares. Barclays decreased their price objective on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lowered their price target on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a report on Friday, February 7th. Finally, Citigroup reduced their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Honeywell International presently has an average rating of “Hold” and an average target price of $249.08.

Insider Buying and Selling at Honeywell International

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

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.