Honeywell International Inc. $HON Shares Acquired by Register Financial Advisors LLC

Key Points

• Register Financial Advisors LLC boosted its Honeywell stake 382.7%, acquiring an additional 13,972 shares to hold 17,623 shares worth about $3.44 million (Honeywell is ~1.3% of the firm's portfolio and its 14th-largest position).
• Honeywell beat quarterly estimates (EPS $2.59 vs. $2.54; revenue $10.07B vs. $9.60B), with revenue up 6.4% year-over-year, and analysts maintain a consensus rating of “Moderate Buy” with an average target of $251.83 and several firms raising targets.
• The company pays a quarterly dividend of $1.19 ($4.76 annual, ~2.1% yield), while insiders have sold 18,190 shares (~$4.24M) in the past 90 days; institutional investors own about 75.9% of the stock.

Register Financial Advisors LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 382.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,623 shares of the conglomerate's stock after buying an additional 13,972 shares during the quarter. Honeywell International makes up approximately 1.3% of Register Financial Advisors LLC's portfolio, making the stock its 14th biggest position. Register Financial Advisors LLC's holdings in Honeywell International were worth $3,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HON. Brighton Jones LLC grew its position in shares of 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 in the last quarter. Acadian Asset Management LLC grew its position in shares of 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 in the last quarter. Schnieders Capital Management LLC. grew its position in shares of 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 in the last quarter. Bank of Nova Scotia increased its stake in Honeywell International by 171.8% in the second quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate's stock valued at $187,713,000 after purchasing an additional 509,456 shares during the last quarter. Finally, Natixis lifted its position in shares of Honeywell International by 17.4% during the 2nd quarter. Natixis now owns 352,916 shares of the conglomerate's stock worth $82,187,000 after buying an additional 52,195 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Honeywell International

In other news, VP Robert D. Mailloux sold 5,274 shares of the company's stock in a transaction that occurred 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 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 through this link. Also, Director D Scott Davis sold 2,367 shares of the company's stock in a transaction that occurred 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. This trade represents a 7.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 18,190 shares of company stock valued at $4,244,287 in the last 90 days. Company insiders own 0.20% of the company's stock.

Honeywell International Price Performance

HON stock opened at $228.21 on Tuesday. The company has a market capitalization of $145.07 billion, a P/E ratio of 28.56, a PEG ratio of 3.32 and a beta of 0.93. Honeywell International Inc. has a twelve month low of $169.21 and a twelve month high of $248.18. The business has a 50 day simple moving average of $234.31 and a 200-day simple moving average of $213.66. 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 (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 the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to the consensus estimate of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The company's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.47 earnings per share. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared 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. This represents a $4.76 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, February 27th. Honeywell International's dividend payout ratio is 59.57%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Evercore upped their target price on shares of Honeywell International from $255.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, January 30th. Wall Street Zen raised shares of Honeywell International to a "hold" rating in a research report on Saturday, January 3rd. Vertical Research downgraded shares of 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. Royal Bank Of Canada increased their target price 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, Deutsche Bank Aktiengesellschaft increased their target price on shares of Honeywell International from $273.00 to $292.00 and gave the company a "buy" rating in a research report on Wednesday, March 4th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.