Meadow Creek Wealth Advisors LLC Buys Shares of 1,444 Honeywell International Inc. (NASDAQ:HON)

Meadow Creek Wealth Advisors LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,444 shares of the conglomerate’s stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Moneta Group Investment Advisors LLC raised its stake in shares of Honeywell International by 101,603.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,707,601 shares of the conglomerate’s stock worth $1,223,139,000 after buying an additional 5,701,989 shares during the last quarter. Barclays PLC raised its stake in shares of Honeywell International by 57.3% during the 3rd quarter. Barclays PLC now owns 3,190,755 shares of the conglomerate’s stock worth $589,462,000 after buying an additional 1,162,518 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Honeywell International by 80.7% during the 1st quarter. Deutsche Bank AG now owns 1,838,191 shares of the conglomerate’s stock worth $351,315,000 after buying an additional 821,001 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Honeywell International by 853.0% during the 3rd quarter. Van ECK Associates Corp now owns 887,629 shares of the conglomerate’s stock worth $163,980,000 after buying an additional 794,489 shares during the last quarter. Finally, Holocene Advisors LP raised its stake in shares of Honeywell International by 215.2% during the 2nd quarter. Holocene Advisors LP now owns 1,036,117 shares of the conglomerate’s stock worth $214,994,000 after buying an additional 707,436 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Up 0.1 %

Shares of HON traded up $0.12 during trading on Thursday, reaching $205.25. The company’s stock had a trading volume of 3,594,060 shares, compared to its average volume of 3,084,538. The company has a fifty day moving average of $199.02 and a two-hundred day moving average of $195.08. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The company has a market cap of $133.86 billion, a price-to-earnings ratio of 24.27, a P/E/G ratio of 2.26 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating 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 business had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the previous year, the business earned $2.52 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts predict that Honeywell International Inc. will post 9.96 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors 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 yield of 2.10%. Honeywell International’s payout ratio is currently 51.00%.

Wall Street Analysts Forecast Growth

HON has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a report on Tuesday, December 19th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price target for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Barclays boosted their target price on Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, February 6th. Finally, Royal Bank of Canada decreased their target price on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. One investment 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $220.89.

Insider Transactions at Honeywell International

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

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.