Pineridge Advisors LLC Invests $41,000 in Honeywell International Inc. (NASDAQ:HON)

Pineridge Advisors LLC acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 197 shares of the conglomerate’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HON. Morton Capital Management LLC CA increased its position in Honeywell International by 0.9% during 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 period. Wayfinding Financial LLC increased its position in Honeywell International by 3.4% during the 4th quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after purchasing an additional 50 shares during the period. Indiana Trust & Investment Management CO increased its position in Honeywell International by 0.9% during the 4th quarter. Indiana Trust & Investment Management CO now owns 5,563 shares of the conglomerate’s stock valued at $1,167,000 after purchasing an additional 50 shares during the period. River Street Advisors LLC increased its position 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 period. Finally, Triton Wealth Management PLLC increased its position in Honeywell International by 4.7% during the 4th quarter. Triton Wealth Management PLLC now owns 1,132 shares of the conglomerate’s stock valued at $233,000 after purchasing an additional 51 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock traded down $0.10 during trading hours on Friday, hitting $208.53. 2,239,211 shares of the company’s stock traded hands, 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 stock has a market capitalization of $135.79 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.22 and a beta of 1.03. The company has a fifty day simple moving average of $199.98 and a 200-day simple moving average of $200.25. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 1.28.

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

Honeywell International Dividend Announcement

The firm also recently announced 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 was Thursday, May 16th. Honeywell International’s dividend payout ratio is presently 50.06%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HON. Royal Bank of Canada decreased 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 report on Tuesday, June 4th. Barclays increased their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. StockNews.com upgraded Honeywell International from a “hold” rating to a “buy” rating in a report on Wednesday, May 15th. Citigroup increased their price target on Honeywell International from $243.00 to $244.00 and gave the stock a “buy” rating in a report on Tuesday, June 4th. Finally, Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their price target for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Honeywell International presently has an average rating of “Moderate Buy” and a consensus price target of $224.75.

Insider Activity

In related news, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $193.06, for a total value of $4,866,849.54. Following the completion of the sale, the chief financial officer now owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction dated 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 completion of the sale, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Gregory P. Lewis sold 25,209 shares of Honeywell International stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the transaction, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at approximately $10,709,231.26. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

Honeywell International Company 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.