11,441 Shares in Honeywell International Inc. $HON Bought by Argo Wealth Advisory LLC

Key Points

• Argo Wealth Advisory LLC bought a new stake of 11,441 shares in Honeywell (NASDAQ:HON) in Q4, valued at about $2.23 million and representing ~1.3% of the firm's portfolio as its 29th-largest holding.
• Insider selling accelerated last quarter with 18,190 shares sold worth roughly $4.24 million; notable disposals included Director D. Scott Davis (2,367 shares) and VP Robert D. Mailloux (10,549 shares), leaving insiders with about 0.20% ownership.
• Operational and market snapshot: Honeywell beat Q1 estimates with $2.59 EPS (vs. $2.54) and $10.07B revenue, pays a $1.19 quarterly dividend (2.1% yield), and holds a MarketBeat consensus of "Moderate Buy" with an average target of $251.83.

Argo Wealth Advisory LLC bought a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,441 shares of the conglomerate's stock, valued at approximately $2,232,000. Honeywell International comprises approximately 1.3% of Argo Wealth Advisory LLC's investment portfolio, making the stock its 29th biggest position.

Several other large investors have also recently bought and sold shares of HON. Holos Integrated Wealth LLC acquired a new stake in Honeywell International during the fourth quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC grew its stake in Honeywell International by 491.7% in the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate's stock valued at $30,000 after acquiring an additional 118 shares during the period. JPL Wealth Management LLC bought a new position in shares of Honeywell International in the third quarter valued at approximately $31,000. Cedar Mountain Advisors LLC lifted its holdings in shares of Honeywell International by 116.7% in the third quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate's stock valued at $33,000 after purchasing an additional 84 shares in the last quarter. Finally, Strive Asset Management LLC bought a new position in shares of Honeywell International in the third quarter valued at approximately $33,000. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of Honeywell International stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total transaction of $568,080.00. Following the transaction, the director directly owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert D. Mailloux sold 10,549 shares of Honeywell International stock in a transaction on Friday, January 30th. The shares were sold at an average price of $229.00, for a total value of $2,415,721.00. Following the transaction, the vice president owned 4,803 shares in the company, valued at $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 18,190 shares of company stock worth $4,244,287 over the last quarter. 0.20% of the stock is owned by company insiders.

Honeywell International Stock Down 1.2%

Shares of NASDAQ:HON opened at $229.38 on Friday. Honeywell International Inc. has a 52-week low of $181.25 and a 52-week high of $248.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The firm has a market capitalization of $145.35 billion, a P/E ratio of 28.71, a P/E/G ratio of 3.36 and a beta of 0.93. The stock has a 50 day moving average price of $235.03 and a 200-day moving average price of $214.88.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, beating analysts' consensus estimates of $2.54 by $0.05. The company had revenue of $10.07 billion during the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $2.47 EPS. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $1.19 per share. The ex-dividend date was Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.1%. Honeywell International's payout ratio is 59.57%.

Analyst Ratings Changes

HON has been the topic of a number of recent analyst reports. Jefferies Financial Group lifted their price target on Honeywell International from $240.00 to $245.00 and gave the stock a "hold" rating in a report on Wednesday, March 4th. Robert W. Baird lifted their price target on Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Honeywell International from $273.00 to $292.00 and gave the company a "buy" rating in a research report on Wednesday, March 4th. BNP Paribas Exane boosted their target price on Honeywell International from $195.00 to $215.00 and gave the stock a "neutral" rating in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Honeywell International from $255.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, January 30th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $251.83.

Honeywell International Company Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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