Beacon Investment Advisory Services Inc. Has $15.81 Million Position in Honeywell International Inc. $HON

Beacon Investment Advisory Services Inc. lessened its position in Honeywell International Inc. (NASDAQ:HONFree Report) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,027 shares of the conglomerate’s stock after selling 3,342 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Honeywell International were worth $15,808,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First National Trust Co raised its stake in Honeywell International by 9.4% in the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock valued at $16,648,000 after acquiring an additional 6,803 shares during the period. Lockheed Martin Investment Management Co. bought a new position in Honeywell International during the third quarter worth $4,147,000. Federated Hermes Inc. increased its holdings in shares of Honeywell International by 72.5% in the third quarter. Federated Hermes Inc. now owns 9,663 shares of the conglomerate’s stock valued at $2,034,000 after purchasing an additional 4,061 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Honeywell International in the second quarter valued at about $8,448,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Honeywell International by 30.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,104,239 shares of the conglomerate’s stock valued at $232,442,000 after purchasing an additional 259,520 shares during the period. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total transaction of $568,080.00. Following the sale, the director directly owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Robert D. Mailloux sold 5,274 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the transaction, the vice president directly owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,190 shares of company stock valued at $4,244,287 in the last ninety days. 0.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HON has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of Honeywell International from $235.00 to $245.00 and gave the stock an “equal weight” rating in a report on Thursday, March 12th. Evercore raised their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Vertical Research cut Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price objective for the company. in a report on Monday, January 5th. JPMorgan Chase & Co. upped their target price on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Finally, Daiwa Securities Group increased their target price on Honeywell International from $230.00 to $240.00 in a research note on Tuesday, February 3rd. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $252.54.

View Our Latest Analysis on Honeywell International

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $223.12 on Monday. The business’s 50 day simple moving average is $233.39 and its 200 day simple moving average is $213.00. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $248.18. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03. The company has a market capitalization of $141.83 billion, a P/E ratio of 27.92, a P/E/G ratio of 3.23 and a beta of 0.92.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.05. The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.47 EPS. On average, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 27th. Honeywell International’s payout ratio is 59.57%.

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About Honeywell International

(Free Report)

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

Further Reading

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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