Advanced Portfolio Management LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Advanced Portfolio Management LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,253 shares of the conglomerate's stock, valued at approximately $504,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Mainstream Capital Management LLC acquired a new stake in Honeywell International in the fourth quarter worth approximately $25,000. Avalon Trust Co grew its holdings in Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock worth $27,000 after acquiring an additional 75 shares during the period. Hoese & Co LLP acquired a new stake in Honeywell International in the 4th quarter valued at about $30,000. Curio Wealth LLC acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $35,000. Finally, Alexis Investment Partners LLC bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Barclays reduced their price target on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company upped their price target on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 30th. Morgan Stanley lifted their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and upped their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $242.23.

Honeywell International Trading Up 0.8 %

Shares of NASDAQ HON traded up $1.66 during midday trading on Thursday, hitting $216.27. The stock had a trading volume of 1,291,563 shares, compared to its average volume of 3,729,044. The firm has a market cap of $138.99 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The company's 50-day simple moving average is $205.11 and its 200 day simple moving average is $215.44.

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.59 billion. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The company's quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.25 EPS. Research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, May 16th. Honeywell International's payout ratio is 51.95%.

Insider Activity

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the transaction, the vice president now owns 41,580 shares of the company's stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.41% of the stock is currently owned by company insiders.

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.