Modern Wealth Management LLC Grows Position in Honeywell International Inc. $HON

Modern Wealth Management LLC increased its stake in Honeywell International Inc. (NASDAQ:HON) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 118,958 shares of the conglomerate’s stock after purchasing an additional 3,778 shares during the period. Modern Wealth Management LLC’s holdings in Honeywell International were worth $25,041,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of Honeywell International by 9.1% in the 4th quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate’s stock worth $4,302,000 after buying an additional 1,582 shares during the last quarter. Acadian Asset Management LLC grew its position in Honeywell International by 145.7% in the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate’s stock worth $937,000 after acquiring an additional 2,629 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in Honeywell International by 18.3% in the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate’s stock valued at $1,844,000 after acquiring an additional 1,223 shares during the last quarter. Valtinson Bruner Financial Planning LLC increased its stake in Honeywell International by 2.1% in the second quarter. Valtinson Bruner Financial Planning LLC now owns 7,188 shares of the conglomerate’s stock valued at $1,674,000 after acquiring an additional 147 shares during the last quarter. Finally, Mcrae Capital Management Inc. lifted its stake in Honeywell International by 1.4% during the second quarter. Mcrae Capital Management Inc. now owns 10,398 shares of the conglomerate’s stock worth $2,422,000 after purchasing an additional 145 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of Honeywell International stock opened at $235.29 on Friday. 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 Inc. has a one year low of $169.21 and a one year high of $248.18. The business’s 50 day simple moving average is $225.66 and its two-hundred day simple moving average is $211.78. The stock has a market capitalization of $149.57 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 3.45 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last issued its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The company had revenue of $10.07 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same period in the previous year, the firm earned $2.47 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be 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 is Friday, February 27th. Honeywell International’s payout ratio is currently 59.57%.

Insider Activity at Honeywell International

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

Wall Street Analyst Weigh In

HON has been the topic of several recent research reports. Robert W. Baird increased their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Friday, January 30th. The Goldman Sachs Group upped their target price on Honeywell International from $236.00 to $262.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Citigroup increased their price target on shares of Honeywell International from $262.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Wolfe Research upgraded shares of Honeywell International from a “peer perform” rating to an “outperform” rating and set a $293.00 price objective for the company in a report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a research note on Wednesday. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $251.22.

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.