Live Oak Private Wealth LLC Has $8.76 Million Stock Holdings in Honeywell International Inc. $HON

Key Points

• Live Oak Private Wealth LLC increased its stake in Honeywell by 46.8% in Q4, now owning 44,899 shares valued at about $8.76 million.
• Insiders have sold a total of 18,190 shares (roughly $4.24 million) in the past 90 days — including Director D. Scott Davis and VP Robert Mailloux — leaving insiders with just 0.41% ownership.
• Honeywell beat Q4 estimates (EPS $2.59 vs. $2.54; revenue $10.07B vs. $9.60B), analysts have raised targets (Argus $290, BMO $273) and the stock has an average "Moderate Buy" rating with a $251.83 target; the company pays a $1.19 quarterly dividend (≈2.0% yield).

Live Oak Private Wealth LLC lifted its stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) by 46.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,899 shares of the conglomerate's stock after buying an additional 14,318 shares during the quarter. Live Oak Private Wealth LLC's holdings in Honeywell International were worth $8,759,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Deprince Race & Zollo Inc. increased its position in Honeywell International by 44.8% during the fourth quarter. Deprince Race & Zollo Inc. now owns 176,493 shares of the conglomerate's stock worth $34,432,000 after acquiring an additional 54,644 shares during the period. Castellan Group bought a new stake in shares of Honeywell International during the 4th quarter valued at approximately $1,578,000. Burney Co. grew its holdings in shares of Honeywell International by 1.8% during the 4th quarter. Burney Co. now owns 5,843 shares of the conglomerate's stock valued at $1,140,000 after purchasing an additional 104 shares during the last quarter. Legacy Financial Strategies LLC grew its holdings in shares of Honeywell International by 1.2% during the 4th quarter. Legacy Financial Strategies LLC now owns 4,908 shares of the conglomerate's stock valued at $958,000 after purchasing an additional 58 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in shares of Honeywell International by 9.4% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 20,090 shares of the conglomerate's stock valued at $3,919,000 after purchasing an additional 1,734 shares during the last quarter. Institutional investors and hedge funds own 75.91% of the company's stock.

Insiders Place Their Bets

In other news, Director D Scott Davis sold 2,367 shares of the company's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the completion of the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 owned 4,803 shares of the company's stock, valued at approximately $1,147,917. The trade was a 52.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,190 shares of company stock valued at $4,244,287 in the last 90 days. 0.41% of the stock is currently owned by company insiders.

Honeywell International Stock Performance

Shares of HON stock opened at $235.11 on Monday. The firm has a market capitalization of $149.45 billion, a PE ratio of 29.42, a price-to-earnings-growth ratio of 3.40 and a beta of 0.93. The firm has a fifty day simple moving average of $235.02 and a two-hundred day simple moving average of $214.30. 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 12 month low of $180.75 and a 12 month high of $248.18.

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

Honeywell International Announces Dividend

The firm also recently declared 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. 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 59.57%.

Analysts Set New Price Targets

Several equities research analysts recently commented on HON shares. Argus lifted their target price on shares of Honeywell International from $250.00 to $290.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. BMO Capital Markets assumed coverage on shares of Honeywell International in a research report on Friday, March 27th. They issued an "outperform" rating and a $273.00 price target on the stock. Vertical Research downgraded shares of Honeywell International from a "buy" rating to a "hold" rating and set a $220.00 price target on the stock. in a research report on Monday, January 5th. Citigroup boosted their target price on shares of Honeywell International from $262.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company boosted their target price on shares of Honeywell International from $215.00 to $235.00 and gave the company an "equal weight" rating in a research report on Friday, January 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Honeywell International currently has an average rating of "Moderate Buy" and an average price target of $251.83.

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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