Intellectus Partners LLC Buys 2,811 Shares of Honeywell International Inc. $HON

Intellectus Partners LLC grew its stake in Honeywell International Inc. (NASDAQ:HON) by 48.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,658 shares of the conglomerate’s stock after acquiring an additional 2,811 shares during the quarter. Intellectus Partners LLC’s holdings in Honeywell International were worth $1,823,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nova R Wealth Inc. boosted its position in Honeywell International by 3.0% during the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock valued at $335,000 after purchasing an additional 47 shares in the last quarter. Willow Creek Wealth Management Inc. grew its stake in Honeywell International by 2.2% in the third quarter. Willow Creek Wealth Management Inc. now owns 2,327 shares of the conglomerate’s stock valued at $490,000 after purchasing an additional 50 shares during the last quarter. Mather Group LLC. raised its holdings in Honeywell International by 0.6% in the third quarter. Mather Group LLC. now owns 8,616 shares of the conglomerate’s stock worth $1,814,000 after purchasing an additional 51 shares in the last quarter. Arrow Financial Corp lifted its position in shares of Honeywell International by 0.5% during the third quarter. Arrow Financial Corp now owns 10,457 shares of the conglomerate’s stock valued at $2,201,000 after buying an additional 51 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Honeywell International by 1.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,372 shares of the conglomerate’s stock valued at $785,000 after buying an additional 52 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

HON opened at $235.29 on Friday. The company has a market cap 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. The company has a quick ratio of 1.03, a current ratio of 1.30 and a debt-to-equity ratio of 1.81. The firm’s 50-day moving average price is $225.66 and its 200-day moving average price is $211.78. Honeywell International Inc. has a 52-week low of $169.21 and a 52-week high of $248.18.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. Honeywell International’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the business earned $2.47 EPS. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, February 27th. Honeywell International’s payout ratio is presently 59.57%.

Insiders Place Their Bets

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the completion of the sale, the director owned 31,081 shares of the company’s stock, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Robert D. Mailloux sold 5,274 shares of the business’s stock in a transaction dated 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 sale, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. The trade was a 52.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,190 shares of company stock worth $4,244,287 over the last three months. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HON. Mizuho cut their price objective on shares of Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Citigroup increased their target price 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. Evercore raised their target price on shares of Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Finally, Wall Street Zen raised Honeywell International to a “hold” rating in a research report on Saturday, January 3rd. Twelve analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and an average price target of $251.22.

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.