Vantage Wealth Purchases 7,730 Shares of Honeywell International Inc. $HON

Vantage Wealth increased its position in shares of Honeywell International Inc. (NASDAQ:HONFree Report) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,737 shares of the conglomerate’s stock after acquiring an additional 7,730 shares during the quarter. Honeywell International comprises 4.0% of Vantage Wealth’s holdings, making the stock its 20th biggest position. Vantage Wealth’s holdings in Honeywell International were worth $18,482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Nova R Wealth Inc. boosted its stake in Honeywell International by 3.0% in the third quarter. Nova R Wealth Inc. now owns 1,594 shares of the conglomerate’s stock valued at $335,000 after acquiring an additional 47 shares in the last quarter. Willow Creek Wealth Management Inc. lifted its holdings in shares of Honeywell International by 2.2% during the 3rd 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. VSM Wealth Advisory LLC lifted its holdings in shares of Honeywell International by 4.5% during the 3rd quarter. VSM Wealth Advisory LLC now owns 1,150 shares of the conglomerate’s stock valued at $242,000 after purchasing an additional 50 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its position in shares of Honeywell International by 1.5% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 3,351 shares of the conglomerate’s stock worth $654,000 after purchasing an additional 50 shares in the last quarter. Finally, Mather Group LLC. grew its stake in Honeywell International by 0.6% during the 3rd quarter. Mather Group LLC. now owns 8,616 shares of the conglomerate’s stock worth $1,814,000 after buying an additional 51 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Key Stories Impacting Honeywell International

Here are the key news stories impacting Honeywell International this week:

Analyst Ratings Changes

HON has been the topic of several recent analyst reports. Morgan Stanley upped their target price on Honeywell International from $235.00 to $245.00 and gave the company an “equal weight” rating in a research report on Thursday, March 12th. Citigroup boosted their price target on Honeywell International from $262.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. JPMorgan Chase & Co. upped their price objective on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 30th. The Goldman Sachs Group increased their price objective on shares of Honeywell International from $236.00 to $262.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Vertical Research cut shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 target price for the company. in a research note on Monday, January 5th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.54.

Read Our Latest Report on Honeywell International

Insider Buying and Selling

In other news, Director D Scott Davis sold 2,367 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of the firm’s stock in a transaction on Friday, January 30th. The stock was sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,190 shares of company stock valued at $4,244,287 over the last three months. 0.41% of the stock is currently owned by insiders.

Honeywell International Stock Performance

Shares of HON opened at $223.12 on Monday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The stock has a 50-day moving average of $233.39 and a two-hundred day moving average of $213.00. The stock has a market cap of $141.83 billion, a P/E ratio of 27.92, a P/E/G ratio of 3.23 and a beta of 0.92. Honeywell International Inc. has a one year low of $169.21 and a one year high of $248.18.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The business had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period in the prior year, the company earned $2.47 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts predict 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 was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, February 27th. Honeywell International’s dividend payout ratio is 59.57%.

Honeywell International Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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