Axxcess Wealth Management LLC Raises Position in Honeywell International Inc. (NASDAQ:HON)

Axxcess Wealth Management LLC increased its position in shares of Honeywell International Inc. (NASDAQ:HON) by 74.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,474 shares of the conglomerate’s stock after purchasing an additional 12,604 shares during the period. Axxcess Wealth Management LLC’s holdings in Honeywell International were worth $6,181,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HON. Cordant Inc. purchased a new position in shares of Honeywell International in the 4th quarter valued at about $31,000. Rakuten Securities Inc. purchased a new stake in shares of Honeywell International during the 4th quarter worth approximately $31,000. Financial Connections Group Inc. purchased a new position in shares of Honeywell International in the fourth quarter valued at $37,000. TFO Wealth Partners LLC boosted its position in shares of Honeywell International by 105.6% in the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after buying an additional 114 shares in the last quarter. Finally, Raleigh Capital Management Inc. grew its stake in Honeywell International by 42.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Buying and Selling

In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the transaction, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $36,164,646. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Up 1.1 %

NASDAQ HON traded up $2.17 during trading hours on Friday, hitting $195.81. The company had a trading volume of 2,251,381 shares, compared to its average volume of 2,992,784. The firm’s 50 day moving average is $197.66 and its 200 day moving average is $196.58. The company has a market capitalization of $127.51 billion, a price-to-earnings ratio of 22.69, a P/E/G ratio of 2.24 and a beta of 1.02. 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 debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating the consensus estimate of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. The company’s revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $2.07 EPS. Sell-side analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 17th will be issued a dividend of $1.08 per share. This represents a $4.32 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Thursday, May 16th. Honeywell International’s payout ratio is 50.06%.

Wall Street Analyst Weigh In

HON has been the topic of several recent research reports. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Royal Bank of Canada reduced their price objective 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. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays increased their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $215.71.

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.