Confluence Investment Management LLC Makes New Investment in Honeywell International Inc. $HON

Confluence Investment Management LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 517,167 shares of the conglomerate’s stock, valued at approximately $100,894,000. Honeywell International accounts for 1.5% of Confluence Investment Management LLC’s investment portfolio, making the stock its 24th biggest position. Confluence Investment Management LLC owned 0.08% of Honeywell International at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of HON. First National Trust Co lifted its position in Honeywell International by 9.4% during the 3rd quarter. First National Trust Co now owns 79,086 shares of the conglomerate’s stock worth $16,648,000 after buying an additional 6,803 shares in the last quarter. Lockheed Martin Investment Management Co. acquired a new stake in shares of Honeywell International in the third quarter valued at about $4,147,000. Federated Hermes Inc. increased its position 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 acquiring an additional 4,061 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Honeywell International during the second quarter worth about $1,943,000. Finally, SVB Wealth LLC acquired a new position in Honeywell International during the second quarter valued at approximately $8,448,000. 75.91% of the stock is currently owned by institutional investors.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the vice president owned 4,803 shares in the company, valued at $1,147,917. The trade was a 52.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 31,081 shares in the company, valued at $7,459,440. The trade was a 7.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,190 shares of company stock valued at $4,244,287 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Honeywell International Trading Down 0.4%

HON stock opened at $229.02 on Friday. Honeywell International Inc. has a one year low of $169.21 and a one year high of $248.18. The stock has a market cap of $145.58 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 3.33 and a beta of 0.92. The company has a fifty day moving average price of $232.06 and a two-hundred day moving average price of $212.69. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03.

Honeywell International (NASDAQ:HON) last issued 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 company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.47 earnings per share. Equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $1.19 per share. The ex-dividend date was Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.1%. Honeywell International’s dividend payout ratio (DPR) is 59.57%.

Analyst Ratings Changes

HON has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price target on Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. DZ Bank cut their price target on shares of Honeywell International from $248.00 to $237.00 in a research note on Tuesday, December 23rd. Wall Street Zen upgraded shares of Honeywell International to a “hold” rating in a research note on Saturday, January 3rd. Daiwa Securities Group upped their target price on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Finally, Wolfe Research upgraded shares of Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 target price for the company in a research note on Friday, February 27th. Twelve equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $251.65.

About Honeywell International

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.