Fiduciary Alliance LLC Buys 9,379 Shares of Honeywell International Inc. $HON

Key Points

• Fiduciary Alliance LLC increased its stake in Honeywell by 158.6% in Q4, buying an additional 9,379 shares to hold 15,293 shares valued at about $2.98 million.
• Analysts have been raising targets and ratings—Honeywell has a consensus Moderate Buy with an average price target of $251.83, and several firms recently lifted price objectives.
• Honeywell beat Q4 estimates with EPS of $2.59 vs. $2.54 and revenue of $10.07 billion, and it pays a quarterly dividend of $1.19 (annual $4.76) for roughly a 2.0% yield.

Fiduciary Alliance LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON - Free Report) by 158.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,293 shares of the conglomerate's stock after acquiring an additional 9,379 shares during the quarter. Fiduciary Alliance LLC's holdings in Honeywell International were worth $2,984,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Holos Integrated Wealth LLC bought a new stake in Honeywell International in the 4th quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC lifted its position in Honeywell International by 491.7% in the 3rd 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 in the last quarter. JPL Wealth Management LLC bought a new stake in Honeywell International in the 3rd quarter valued at $31,000. Cedar Mountain Advisors LLC lifted its position in Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate's stock valued at $33,000 after acquiring an additional 84 shares in the last quarter. Finally, Strive Asset Management LLC bought a new stake in Honeywell International in the 3rd quarter valued at $33,000. 75.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HON shares. Argus boosted their price objective on shares of Honeywell International from $250.00 to $290.00 and gave the company a "buy" rating in a research report on Wednesday, February 18th. Weiss Ratings raised shares of Honeywell International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, March 27th. Morgan Stanley boosted their price objective on shares of Honeywell International from $235.00 to $245.00 and gave the company an "equal weight" rating in a research report on Thursday, March 12th. Royal Bank Of Canada boosted their price objective on shares of Honeywell International from $249.00 to $268.00 and gave the company an "outperform" rating in a research report on Friday, January 30th. Finally, Robert W. Baird lifted their price target on shares of Honeywell International from $220.00 to $240.00 and gave the company a "neutral" rating in a research note on Friday, January 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has a consensus rating of "Moderate Buy" and an average price target of $251.83.

Insider Activity

In other news, VP Robert D. Mailloux sold 10,549 shares of the business's stock in a transaction dated Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the transaction, the vice president directly owned 4,803 shares in the company, valued at $1,099,887. The trade was a 68.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director D Scott Davis sold 2,367 shares of the business's stock in a transaction dated 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 owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 18,190 shares of company stock worth $4,244,287 over the last 90 days. 0.20% of the stock is owned by company insiders.

Honeywell International Stock Down 0.4%

Shares of HON stock opened at $235.11 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 1 year low of $180.75 and a 1 year high of $248.18. The firm's fifty day moving average price is $235.02 and its two-hundred day moving average price is $214.23. The firm has a market capitalization of $149.45 billion, a P/E ratio of 29.42, a PEG ratio of 3.42 and a beta of 0.93.

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. Honeywell International had a net margin of 12.74% and a return on equity of 40.64%. The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period in the previous year, the business earned $2.47 EPS. The company's revenue was up 6.4% compared to the same quarter last year. On average, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders 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 dividend yield of 2.0%. Honeywell International's payout ratio is currently 59.57%.

About Honeywell International

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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