Legacy Capital Wealth Partners LLC Grows Stock Position in Honeywell International Inc. (NASDAQ:HON)

Legacy Capital Wealth Partners LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 10.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,239 shares of the conglomerate’s stock after acquiring an additional 121 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Honeywell International were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Honeywell International by 57.3% in the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after purchasing an additional 1,162,518 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Honeywell International by 6,557.2% during the 4th quarter. International Assets Investment Management LLC now owns 940,661 shares of the conglomerate’s stock valued at $197,266,000 after buying an additional 926,531 shares in the last quarter. Van ECK Associates Corp increased its holdings in Honeywell International by 853.0% in the 3rd quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock worth $163,980,000 after acquiring an additional 794,489 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in Honeywell International by 51.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,874,877 shares of the conglomerate’s stock worth $346,365,000 after acquiring an additional 636,104 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Honeywell International by 27.5% during the 4th quarter. California Public Employees Retirement System now owns 1,739,695 shares of the conglomerate’s stock worth $364,831,000 after acquiring an additional 375,158 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Insider Transactions at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on HON shares. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $240.00 in a research note on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada reduced their price objective 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 analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $215.71.

Honeywell International Price Performance

Honeywell International stock opened at $193.77 on Tuesday. Honeywell International Inc. has a 12-month low of $174.88 and a 12-month high of $210.87. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average price of $198.11 and a 200-day moving average price of $196.47. The firm has a market capitalization of $126.18 billion, a PE ratio of 22.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion during the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.07 earnings per share. As a group, equities research analysts forecast that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.23%. Honeywell International’s payout ratio is 50.06%.

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.