Farther Finance Advisors LLC Has $7.89 Million Stock Position in Honeywell International Inc. $HON

Key Points

• Farther Finance Advisors LLC increased its stake in Honeywell by 76.8% in Q4, owning 40,435 shares after adding 17,564 shares, a position worth about $7.89 million.
• Honeywell beat quarterly expectations with EPS of $2.59 (vs. $2.54 expected) and revenue of $10.07 billion, up 6.4% year‑over‑year.
• The company pays a quarterly dividend of $1.19 (annualized $4.76, ~2.1% yield) and holds a MarketBeat consensus rating of "Moderate Buy" with an average target of $251.83.

Farther Finance Advisors LLC lifted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 76.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,435 shares of the conglomerate's stock after acquiring an additional 17,564 shares during the quarter. Farther Finance Advisors LLC's holdings in Honeywell International were worth $7,888,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of HON. Brighton Jones LLC increased its position in Honeywell International by 9.1% during the fourth quarter. Brighton Jones LLC now owns 19,047 shares of the conglomerate's stock worth $4,302,000 after buying an additional 1,582 shares during the last quarter. Acadian Asset Management LLC increased its position in Honeywell International by 145.7% during the first quarter. Acadian Asset Management LLC now owns 4,433 shares of the conglomerate's stock worth $937,000 after buying an additional 2,629 shares during the last quarter. Schnieders Capital Management LLC. increased its position in Honeywell International by 18.3% during the second quarter. Schnieders Capital Management LLC. now owns 7,920 shares of the conglomerate's stock worth $1,844,000 after buying an additional 1,223 shares during the last quarter. Nebula Research & Development LLC increased its position in Honeywell International by 3.1% during the second quarter. Nebula Research & Development LLC now owns 5,901 shares of the conglomerate's stock worth $1,374,000 after buying an additional 176 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its position in Honeywell International by 4.4% during the second quarter. Main Street Financial Solutions LLC now owns 4,488 shares of the conglomerate's stock worth $1,045,000 after buying an additional 188 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Honeywell International Trading Down 0.5%

Shares of HON stock opened at $232.19 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. The stock has a market cap of $147.13 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 3.38 and a beta of 0.93. The stock has a 50 day simple moving average of $235.12 and a 200 day simple moving average of $214.78. Honeywell International Inc. has a 1 year low of $181.25 and a 1 year high of $248.18.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $2.47 earnings per share. On average, research analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid 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 dividend payout ratio is presently 59.57%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Robert D. Mailloux sold 5,274 shares of the company's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $239.00, for a total transaction of $1,260,486.00. Following the completion of the sale, the vice president directly owned 4,803 shares in the company, valued at $1,147,917. This represents a 52.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director D Scott Davis sold 2,367 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares of the company's stock, valued at $7,459,440. The trade was a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,190 shares of company stock valued at $4,244,287 over the last 90 days. Corporate insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on HON. Wall Street Zen raised Honeywell International to a "hold" rating in a research report on Saturday, January 3rd. Deutsche Bank Aktiengesellschaft upped their target price on Honeywell International from $273.00 to $292.00 and gave the company a "buy" rating in a research report on Wednesday, March 4th. JPMorgan Chase & Co. upped their target price on Honeywell International from $255.00 to $260.00 and gave the company an "overweight" rating in a research report on Friday, January 30th. Evercore upped their target price on Honeywell International from $255.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, January 30th. Finally, Vertical Research downgraded Honeywell International from a "buy" rating to a "hold" rating and set a $220.00 target price on the stock. in a research report on Monday, January 5th. Thirteen equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $251.83.

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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