ARK & TLK Investments LLC Invests $218,000 in Honeywell International Inc. (NASDAQ:HON)

ARK & TLK Investments LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,041 shares of the conglomerate’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HON. Morton Capital Management LLC CA lifted its stake in Honeywell International by 0.9% in the 3rd quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock valued at $1,077,000 after purchasing an additional 50 shares during the last quarter. Wayfinding Financial LLC boosted its stake in shares of Honeywell International by 3.4% during the 4th quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock worth $317,000 after acquiring an additional 50 shares during the period. Indiana Trust & Investment Management CO increased its holdings in shares of Honeywell International by 0.9% during the 4th quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock worth $1,167,000 after acquiring an additional 50 shares during the last quarter. River Street Advisors LLC lifted its holdings in Honeywell International by 2.0% during the 4th quarter. River Street Advisors LLC now owns 2,599 shares of the conglomerate’s stock valued at $545,000 after purchasing an additional 50 shares during the last quarter. Finally, Triton Wealth Management PLLC boosted its position in Honeywell International by 4.7% during the fourth quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock worth $233,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Trading Down 0.0 %

NASDAQ:HON traded down $0.10 on Friday, reaching $208.53. 2,239,211 shares of the stock traded hands, compared to its average volume of 2,374,790. The company’s 50 day moving average is $199.98 and its 200-day moving average is $200.25. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $211.63. The firm has a market capitalization of $135.79 billion, a price-to-earnings ratio of 24.16, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.17 by $0.08. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.07 earnings per share. Equities research analysts anticipate that Honeywell International Inc. will post 10.24 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 17th were given a dividend of $1.08 per share. This represents a $4.32 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, May 16th. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Analysts Set New Price Targets

Several analysts recently issued reports on HON shares. Citigroup boosted their price target on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $222.00 to $218.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 4th. Barclays raised their target price on Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Daiwa America upgraded shares of Honeywell International to a “moderate buy” rating in a report on Wednesday, June 5th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Honeywell International presently has a consensus rating of “Moderate Buy” and an average price target of $224.75.

Insider Activity

In related news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $203.96, for a total value of $5,812,860.00. Following the transaction, the director now directly owns 203,510 shares in the company, valued at approximately $41,507,899.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Darius Adamczyk sold 28,500 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 203,510 shares in the company, valued at $41,507,899.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Gregory P. Lewis sold 25,209 shares of the business’s stock in a transaction dated 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 in the company, valued at $10,709,231.26. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by company insiders.

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.