Alterity Financial Group LLC Has $2.14 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Alterity Financial Group LLC trimmed its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 1.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,189 shares of the conglomerate’s stock after selling 190 shares during the quarter. Honeywell International accounts for about 3.1% of Alterity Financial Group LLC’s holdings, making the stock its 7th biggest position. Alterity Financial Group LLC’s holdings in Honeywell International were worth $2,137,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. 1776 Wealth LLC raised its holdings in Honeywell International by 2.7% during the fourth quarter. 1776 Wealth LLC now owns 1,918 shares of the conglomerate’s stock worth $411,000 after buying an additional 50 shares during the last quarter. Morton Capital Management LLC CA raised its holdings in shares of Honeywell International by 0.9% in the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock worth $1,077,000 after acquiring an additional 50 shares during the last quarter. Wayfinding Financial LLC lifted its position in Honeywell International by 3.4% in the 4th quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after acquiring an additional 50 shares in the last quarter. Patten Group Inc. boosted its stake in Honeywell International by 0.4% during the 4th quarter. Patten Group Inc. now owns 11,705 shares of the conglomerate’s stock valued at $2,455,000 after purchasing an additional 52 shares during the last quarter. Finally, Gilbert & Cook Inc. raised its stake in shares of Honeywell International by 1.9% in the second quarter. Gilbert & Cook Inc. now owns 2,885 shares of the conglomerate’s stock worth $599,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock opened at $205.25 on Friday. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The firm’s 50-day simple moving average is $199.02 and its two-hundred day simple moving average is $195.08. The firm has a market cap of $133.86 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 2.31 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the previous year, the firm posted $2.52 EPS. Honeywell International’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts forecast that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Insiders Place Their Bets

In other news, Director Darius Adamczyk sold 25,500 shares of the business’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 value of $5,028,345.00. Following the sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HON shares. Wells Fargo & Company upped their price target on Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 19th. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. 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. Finally, Barclays lifted their target price on shares of Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $220.89.

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.