Intellectus Partners LLC Grows Position in Honeywell International Inc. (NASDAQ:HON)

Intellectus Partners LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,950 shares of the conglomerate’s stock after buying an additional 234 shares during the quarter. Intellectus Partners LLC’s holdings in Honeywell International were worth $2,087,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Mogy Joel R Investment Counsel Inc. purchased a new stake in shares of Honeywell International during the fourth quarter valued at about $210,000. Intact Investment Management Inc. increased its holdings in shares of Honeywell International by 1.0% during the fourth quarter. Intact Investment Management Inc. now owns 30,500 shares of the conglomerate’s stock valued at $6,396,000 after acquiring an additional 300 shares in the last quarter. Private Wealth Partners LLC increased its holdings in shares of Honeywell International by 19.7% during the fourth quarter. Private Wealth Partners LLC now owns 86,318 shares of the conglomerate’s stock valued at $18,102,000 after acquiring an additional 14,231 shares in the last quarter. Valmark Advisers Inc. increased its holdings in shares of Honeywell International by 8.3% during the fourth quarter. Valmark Advisers Inc. now owns 4,697 shares of the conglomerate’s stock valued at $985,000 after acquiring an additional 358 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. increased its holdings in shares of Honeywell International by 71.9% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 380 shares of the conglomerate’s stock valued at $80,000 after acquiring an additional 159 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HON. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays increased their price target on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. StockNews.com downgraded shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of “Hold” and an average target price of $219.67.

Insider Buying and Selling

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $197.19, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Trading Up 0.2 %

Shares of HON traded up $0.43 during midday trading on Friday, reaching $193.45. The company had a trading volume of 3,041,537 shares, compared to its average volume of 2,666,853. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The stock has a market cap of $125.97 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The firm has a 50 day simple moving average of $198.18 and a 200-day simple moving average of $196.34. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. During the same period last year, the company earned $2.07 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Research analysts forecast that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s payout ratio is 50.06%.

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.