Burling Wealth Partners LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Burling Wealth Partners LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,436 shares of the conglomerate's stock, valued at approximately $5,972,000. Honeywell International makes up 1.2% of Burling Wealth Partners LLC's investment portfolio, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HON. Mainstream Capital Management LLC bought a new stake in shares of Honeywell International during the 4th quarter worth approximately $25,000. Avalon Trust Co lifted its stake in Honeywell International by 166.7% in the 4th quarter. Avalon Trust Co now owns 120 shares of the conglomerate's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Hoese & Co LLP bought a new position in Honeywell International in the 4th quarter valued at approximately $30,000. Curio Wealth LLC bought a new position in Honeywell International in the 4th quarter valued at approximately $35,000. Finally, Alexis Investment Partners LLC bought a new position in Honeywell International in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Up 4.6 %

Shares of HON stock traded up $9.26 during mid-day trading on Tuesday, hitting $209.92. The company's stock had a trading volume of 3,802,785 shares, compared to its average volume of 3,672,772. The company's fifty day simple moving average is $205.03 and its 200-day simple moving average is $215.73. Honeywell International Inc. has a 52 week low of $179.36 and a 52 week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The company has a market cap of $135.03 billion, a PE ratio of 24.09, a P/E/G ratio of 2.51 and a beta of 1.01.

Honeywell International (NASDAQ:HON - Get Free Report) last posted 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. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.59 billion. During the same period last year, the company posted $2.25 EPS. The business's quarterly revenue was up 7.9% on a year-over-year basis. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be given a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. Honeywell International's payout ratio is 51.89%.

Analyst Upgrades and Downgrades

HON has been the subject of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Morgan Stanley increased their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Barclays dropped their price objective on shares of Honeywell International from $251.00 to $247.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a "hold" rating to a "buy" rating and lifted their price target for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Finally, Royal Bank of Canada lowered their target price on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research report on Friday, February 7th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Honeywell International has a consensus rating of "Hold" and an average target price of $242.15.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business's 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 completion of the sale, the vice president now directly owns 41,580 shares of the company's stock, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is currently owned by corporate 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.