BIP Wealth LLC Raises Holdings in Honeywell International Inc. $HON

BIP Wealth LLC lifted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 450.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,426 shares of the conglomerate’s stock after buying an additional 6,078 shares during the period. BIP Wealth LLC’s holdings in Honeywell International were worth $1,449,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Holos Integrated Wealth LLC purchased a new position in shares of Honeywell International during the 4th quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC raised its stake in shares of Honeywell International by 491.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after buying an additional 118 shares in the last quarter. JPL Wealth Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter worth approximately $31,000. Cedar Mountain Advisors LLC raised its stake in shares of Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after buying an additional 84 shares in the last quarter. Finally, Strive Asset Management LLC purchased a new position in shares of Honeywell International during the 3rd quarter worth approximately $33,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HON shares. Wolfe Research increased their target price on Honeywell International from $293.00 to $296.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Barclays lowered their price target on Honeywell International from $275.00 to $255.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Rothschild & Co Redburn upped their price target on Honeywell International from $222.00 to $235.00 and gave the stock a “neutral” rating in a report on Monday, February 2nd. Mizuho lowered their price target on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. Finally, Daiwa Securities Group upped their price target on Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $251.83.

Honeywell International Stock Performance

HON opened at $232.47 on Thursday. The stock has a market cap of $147.78 billion, a P/E ratio of 29.10, a P/E/G ratio of 3.32 and a beta of 0.93. 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 stock’s 50 day simple moving average is $234.69 and its 200 day simple moving average is $213.89. Honeywell International Inc. has a 1-year low of $169.21 and a 1-year high of $248.18.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The business had revenue of $10.07 billion for 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 revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.47 EPS. As a group, equities analysts anticipate 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 was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, February 27th. Honeywell International’s dividend payout ratio is 59.57%.

Insiders Place Their Bets

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. This represents a 52.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director D Scott Davis sold 2,367 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. This trade represents a 7.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 18,190 shares of company stock worth $4,244,287. 0.20% of the stock is owned by insiders.

Honeywell International Company Profile

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.