Wetzel Investment Advisors Inc. Acquires Shares of 227 Honeywell International Inc. (NASDAQ:HON)

Wetzel Investment Advisors Inc. acquired a new stake in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, Holdings Channel reports. The fund acquired 227 shares of the conglomerate’s stock, valued at approximately $48,000.

Several other large investors also recently bought and sold shares of HON. Ironwood Wealth Management LLC. boosted its stake in shares of Honeywell International by 2.9% during the first quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock worth $700,000 after buying an additional 100 shares during the period. Fairfield Bush & CO. boosted its stake in shares of Honeywell International by 5.4% during the first quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock worth $1,864,000 after buying an additional 492 shares during the period. United Bank boosted its stake in shares of Honeywell International by 25.0% during the first quarter. United Bank now owns 8,404 shares of the conglomerate’s stock worth $1,635,000 after buying an additional 1,683 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Honeywell International by 31.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock worth $151,949,000 after buying an additional 187,936 shares during the period. Finally, AMI Investment Management Inc. boosted its stake in shares of Honeywell International by 16.8% during the first quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock worth $224,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $194.26 on Monday. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The company has a market cap of $126.50 billion, a P/E ratio of 22.94, a PEG ratio of 2.23 and a beta of 1.02. The company has a 50-day moving average price of $198.35 and a 200 day moving average price of $196.07.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same period last year, the company posted $2.52 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.22%. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Insider Buying and Selling at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

HON has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Barclays raised their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada reduced their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Honeywell International presently has an average rating of “Hold” and an average target price of $219.67.

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.