Honeywell International Inc. (NASDAQ:HON) Position Lifted by Fortis Group Advisors LLC

Fortis Group Advisors LLC raised its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 100.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230 shares of the conglomerate’s stock after acquiring an additional 115 shares during the quarter. Fortis Group Advisors LLC’s holdings in Honeywell International were worth $48,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HON. Altshuler Shaham Ltd bought a new position in Honeywell International during the 4th quarter valued at $27,000. Scarborough Advisors LLC bought a new position in shares of Honeywell International in the 4th quarter worth about $27,000. Cordant Inc. bought a new position in shares of Honeywell International in the 4th quarter worth about $31,000. Rakuten Securities Inc. bought a new position in shares of Honeywell International in the 4th quarter worth about $31,000. Finally, Financial Connections Group Inc. bought a new position in shares of Honeywell International in the 4th quarter worth about $37,000. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total value of $5,812,860.00. Following the sale, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Darius Adamczyk sold 28,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now owns 203,510 shares in the company, valued at approximately $41,507,899.60. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Honeywell International Price Performance

Shares of HON stock traded down $0.10 during midday trading on Friday, reaching $208.53. 2,239,211 shares of the company were exchanged, compared to its average volume of 2,374,790. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $211.63. The company has a market cap of $135.79 billion, a P/E ratio of 24.16, a PEG ratio of 2.22 and a beta of 1.03. The company’s 50 day moving average price is $199.98 and its two-hundred day moving average price is $200.33. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.03 billion. During the same period in the previous year, the firm earned $2.07 EPS. Honeywell International’s revenue was up 2.7% on a year-over-year basis. On average, sell-side analysts expect that Honeywell International Inc. will post 10.24 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 17th were issued a $1.08 dividend. The ex-dividend date was Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.07%. Honeywell International’s payout ratio is currently 50.06%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Royal Bank of Canada reduced their target price on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research note on Tuesday, June 4th. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Citigroup boosted their target price on shares of Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Honeywell International currently has an average rating of “Moderate Buy” and an average target price of $224.75.

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.