Bigelow Investment Advisors LLC Increases Position in Honeywell International Inc. (NASDAQ:HON)

Bigelow Investment Advisors LLC raised its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,741 shares of the conglomerate’s stock after acquiring an additional 127 shares during the period. Bigelow Investment Advisors LLC’s holdings in Honeywell International were worth $365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cordant Inc. purchased a new stake in shares of Honeywell International during the fourth quarter worth approximately $31,000. Rakuten Securities Inc. purchased a new position in Honeywell International in the fourth quarter valued at about $31,000. True Wealth Design LLC acquired a new stake in Honeywell International in the 4th quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the fourth quarter worth $37,000. Finally, TFO Wealth Partners LLC raised its holdings in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after buying an additional 114 shares in the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Darius Adamczyk sold 25,500 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the sale, the director now owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 1.7 %

HON traded up $3.18 on Friday, hitting $194.26. 3,569,584 shares of the company were exchanged, compared to its average volume of 3,014,421. The company has a market cap of $126.50 billion, a PE ratio of 22.75, a PEG ratio of 2.18 and a beta of 1.02. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27. The stock’s fifty day moving average is $198.36 and its 200-day moving average is $195.79.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.01. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. Honeywell International’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.52 earnings per share. Equities research analysts predict that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently announced 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. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Wall Street Analyst Weigh In

Several analysts have commented on HON shares. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday. Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Finally, Barclays boosted their target price on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $219.67.

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.