Bailard Inc. Acquires 316 Shares of Honeywell International Inc. (NASDAQ:HON)

Bailard Inc. boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 2.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,432 shares of the conglomerate’s stock after purchasing an additional 316 shares during the quarter. Bailard Inc.’s holdings in Honeywell International were worth $2,817,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Morton Capital Management LLC CA lifted its holdings in Honeywell International by 0.9% in the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock valued at $1,077,000 after purchasing an additional 50 shares in the last quarter. Wayfinding Financial LLC boosted its stake in Honeywell International by 3.4% during the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock worth $317,000 after buying an additional 50 shares during the period. Indiana Trust & Investment Management CO boosted its stake in Honeywell International by 0.9% during the fourth quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after buying an additional 50 shares during the period. River Street Advisors LLC raised its stake in shares of Honeywell International by 2.0% in the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock valued at $545,000 after acquiring an additional 50 shares during the period. Finally, Triton Wealth Management PLLC lifted its holdings in shares of Honeywell International by 4.7% in the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after acquiring an additional 51 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Down 0.7 %

NASDAQ HON traded down $1.33 on Friday, hitting $191.69. 509,753 shares of the stock were exchanged, compared to its average volume of 2,986,417. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The company has a 50-day moving average price of $198.25 and a 200-day moving average price of $196.22. The company has a market cap of $124.82 billion, a PE ratio of 22.63, a PEG ratio of 2.23 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same quarter in the prior year, the business posted $2.07 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.25%. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HON. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. 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 research note on Friday, February 2nd. Barclays raised their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $219.67.

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.