Honeywell International Inc. (NASDAQ:HON) Shares Acquired by Jackson Wealth Management LLC

Jackson Wealth Management LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 12.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,359 shares of the conglomerate’s stock after acquiring an additional 487 shares during the period. Jackson Wealth Management LLC’s holdings in Honeywell International were worth $895,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Venturi Wealth Management LLC lifted its position in Honeywell International by 3.1% during the fourth quarter. Venturi Wealth Management LLC now owns 2,897 shares of the conglomerate’s stock worth $608,000 after buying an additional 87 shares during the period. Howland Capital Management LLC raised its holdings in shares of Honeywell International by 22.7% in the 4th quarter. Howland Capital Management LLC now owns 2,323 shares of the conglomerate’s stock worth $487,000 after purchasing an additional 429 shares during the period. Trust Point Inc. purchased a new position in shares of Honeywell International in the 4th quarter worth about $3,085,000. WoodTrust Financial Corp raised its holdings in shares of Honeywell International by 1.8% in the 4th quarter. WoodTrust Financial Corp now owns 24,354 shares of the conglomerate’s stock worth $5,107,000 after purchasing an additional 423 shares during the period. Finally, Ballentine Partners LLC raised its holdings in shares of Honeywell International by 2.5% in the 4th quarter. Ballentine Partners LLC now owns 23,101 shares of the conglomerate’s stock worth $4,845,000 after purchasing an additional 572 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insider Activity

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of the company’s 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 transaction, the director now directly 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 accessible through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

HON has been the topic of several analyst reports. Citigroup raised their target price on Honeywell International from $243.00 to $244.00 and gave the company a “buy” rating in a report on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Wells Fargo & Company dropped their target price on Honeywell International from $220.00 to $215.00 and set an “equal weight” rating on the stock in a report on Friday, July 26th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Royal Bank of Canada dropped their target price on Honeywell International from $218.00 to $214.00 and set a “sector perform” rating on the stock in a report on Friday, July 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $225.00.

Honeywell International Stock Performance

NASDAQ:HON traded down $0.89 during midday trading on Friday, reaching $203.69. 3,377,778 shares of the company traded hands, compared to its average volume of 2,908,121. The company has a fifty day moving average price of $210.09 and a 200 day moving average price of $202.62. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.21 and a quick ratio of 0.91. The firm has a market capitalization of $132.33 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.07. Honeywell International had a return on equity of 36.87% and a net margin of 15.49%. The firm had revenue of $9.58 billion for the quarter, compared to the consensus estimate of $9.41 billion. During the same quarter in the previous year, the business earned $2.23 EPS. The firm’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, August 16th. Honeywell International’s payout ratio is 50.06%.

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.