Wealthspire Advisors LLC Increases Stock Position in Honeywell International Inc. (NASDAQ:HON)

Wealthspire Advisors LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,474 shares of the conglomerate’s stock after purchasing an additional 317 shares during the period. Wealthspire Advisors LLC’s holdings in Honeywell International were worth $1,688,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Arbor Investment Advisors LLC bought a new stake in Honeywell International in the 4th quarter worth about $202,000. ST. Nicholas Private Asset Management Inc. purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $248,000. Richardson Capital Management LLC grew its stake in shares of Honeywell International by 294.1% in the fourth quarter. Richardson Capital Management LLC now owns 670 shares of the conglomerate’s stock worth $151,000 after acquiring an additional 500 shares during the period. Callan Capital LLC raised its holdings in shares of Honeywell International by 13.2% during the fourth quarter. Callan Capital LLC now owns 2,746 shares of the conglomerate’s stock valued at $620,000 after purchasing an additional 320 shares during the last quarter. Finally, Oxbow Advisors LLC lifted its position in Honeywell International by 6.4% during the fourth quarter. Oxbow Advisors LLC now owns 1,916 shares of the conglomerate’s stock valued at $433,000 after purchasing an additional 115 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 1.0 %

Shares of HON stock opened at $209.91 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The stock has a fifty day simple moving average of $219.91 and a two-hundred day simple moving average of $215.56. The firm has a market capitalization of $136.42 billion, a PE ratio of 24.10, a PEG ratio of 2.51 and a beta of 1.05. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping 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%. On average, analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HON shares. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $236.00 to $260.00 in a research note on Friday, February 7th. The Goldman Sachs Group upped their price objective on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Royal Bank of Canada cut their price target on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. UBS Group reiterated a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Finally, Wolfe Research downgraded shares of Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Ten equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is currently owned by corporate 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.