Trueblood Wealth Management LLC Invests $503,000 in Honeywell International Inc. (NASDAQ:HON)

Trueblood Wealth Management LLC acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, HoldingsChannel reports. The fund acquired 2,399 shares of the conglomerate’s stock, valued at approximately $503,000.

A number of other institutional investors have also made changes to their positions in the stock. Ironwood Wealth Management LLC. grew its stake in Honeywell International by 2.9% in the first quarter. Ironwood Wealth Management LLC. now owns 3,598 shares of the conglomerate’s stock valued at $700,000 after acquiring an additional 100 shares during the period. Fairfield Bush & CO. boosted its position in shares of Honeywell International by 5.4% during the first quarter. Fairfield Bush & CO. now owns 9,581 shares of the conglomerate’s stock worth $1,864,000 after buying an additional 492 shares during the period. United Bank boosted its position in shares of Honeywell International by 25.0% during the first quarter. United Bank now owns 8,404 shares of the conglomerate’s stock worth $1,635,000 after buying an additional 1,683 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Honeywell International by 31.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 780,906 shares of the conglomerate’s stock worth $151,949,000 after buying an additional 187,936 shares during the period. Finally, AMI Investment Management Inc. boosted its position in shares of Honeywell International by 16.8% during the first quarter. AMI Investment Management Inc. now owns 1,149 shares of the conglomerate’s stock worth $224,000 after buying an additional 165 shares during the period. 75.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Honeywell International Stock Up 0.1 %

Shares of HON traded up $0.12 during trading hours on Thursday, hitting $205.25. The stock had a trading volume of 3,441,745 shares, compared to its average volume of 3,082,042. The firm has a market capitalization of $133.86 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The firm has a 50 day simple moving average of $199.02 and a 200-day simple moving average of $195.08.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The firm had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the previous year, the business earned $2.52 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. Sell-side analysts predict that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Dividend Announcement

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

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.45% of the company’s stock.

Honeywell International 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.