264,644 Shares in Honeywell International Inc. $HON Acquired by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC bought 264,644 shares of Honeywell in Q4 — about $51.63 million — making HON 2.3% of the fund and its 15th-largest holding.
• Honeywell beat Q4 estimates, reporting EPS of $2.59 vs. $2.54 and revenue of $10.07B (up 6.4% YoY), and analysts maintain a largely positive view with a "Moderate Buy" consensus and an average price target of $251.83.
• Honeywell pays a quarterly dividend of $1.19 ($4.76 annualized, ~2.0% yield) and trades with a market cap near $149.5B and a P/E of about 29.4.

Cambiar Investors LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 264,644 shares of the conglomerate's stock, valued at approximately $51,629,000. Honeywell International comprises 2.3% of Cambiar Investors LLC's investment portfolio, making the stock its 15th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in HON. Holos Integrated Wealth LLC purchased a new stake in Honeywell International during the fourth quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC lifted 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 buying an additional 118 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in Honeywell International in the third quarter valued at approximately $31,000. Cedar Mountain Advisors LLC lifted its stake in 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 buying an additional 84 shares during the last quarter. Finally, Strive Asset Management LLC purchased a new stake in Honeywell International in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 75.91% of the company's stock.

Honeywell International Trading Down 0.4%

Shares of HON stock opened at $235.11 on Friday. The business's fifty day moving average price is $235.02 and its 200 day moving average price is $214.26. Honeywell International Inc. has a 1-year low of $180.75 and a 1-year high of $248.18. The firm has a market capitalization of $149.45 billion, a PE ratio of 29.42, a P/E/G ratio of 3.40 and a beta of 0.93. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.30 and a quick ratio of 1.03.

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

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, February 27th. Honeywell International's payout ratio is presently 59.57%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HON. The Goldman Sachs Group boosted their price objective on Honeywell International from $236.00 to $262.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. Wolfe Research boosted their target price on Honeywell International from $293.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, March 26th. Sanford C. Bernstein set a $255.00 target price on Honeywell International in a report on Friday, January 16th. Deutsche Bank Aktiengesellschaft boosted their target price on Honeywell International from $273.00 to $292.00 and gave the company a "buy" rating in a report on Wednesday, March 4th. Finally, Royal Bank Of Canada boosted their target price on Honeywell International from $249.00 to $268.00 and gave the company an "outperform" rating in a report on Friday, January 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $251.83.

Insiders Place Their Bets

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the business's 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 sale, 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 can be accessed through this link. Also, VP Robert D. Mailloux sold 5,274 shares of the business's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the sale, the vice president owned 4,803 shares in the company, valued at approximately $1,147,917. The trade was a 52.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 18,190 shares of company stock worth $4,244,287. 0.20% of the stock is owned by company insiders.

Honeywell International 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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