Focus Partners Wealth Purchases 103,295 Shares of Honeywell International Inc. (NASDAQ:HON)

Focus Partners Wealth increased its position in Honeywell International Inc. (NASDAQ:HON - Free Report) by 22.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 572,689 shares of the conglomerate's stock after buying an additional 103,295 shares during the period. Focus Partners Wealth owned about 0.09% of Honeywell International worth $136,098,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Baldwin Wealth Partners LLC MA raised its stake in Honeywell International by 4.0% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock valued at $15,203,000 after purchasing an additional 2,611 shares during the period. World Investment Advisors raised its position in shares of Honeywell International by 137.7% during the fourth quarter. World Investment Advisors now owns 22,387 shares of the conglomerate's stock valued at $5,057,000 after buying an additional 12,969 shares during the last quarter. Coordinated Financial Services Inc. purchased a new position in shares of Honeywell International in the fourth quarter worth $361,000. Costello Asset Management INC bought a new position in shares of Honeywell International during the fourth quarter worth $3,092,000. Finally, Schroder Investment Management Group grew its stake in Honeywell International by 12.7% during the fourth quarter. Schroder Investment Management Group now owns 89,297 shares of the conglomerate's stock valued at $20,235,000 after acquiring an additional 10,092 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company's stock.

Analyst Ratings Changes

HON has been the subject of several research reports. Barclays dropped their price objective on shares of Honeywell International from $247.00 to $243.00 and set an "overweight" rating for the company in a report on Wednesday, April 30th. Bank of America raised Honeywell International from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Wednesday. Citigroup reduced their price objective on Honeywell International from $253.00 to $229.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada increased their target price on Honeywell International from $211.00 to $226.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Nine analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $242.23.

Honeywell International Stock Performance

Shares of NASDAQ:HON opened at $213.03 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $136.91 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.51 and a beta of 1.07. Honeywell International Inc. has a 12 month low of $179.36 and a 12 month high of $242.77. The firm's 50-day moving average is $205.26 and its 200 day moving average is $215.33.

Honeywell International (NASDAQ:HON - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.59 billion. During the same period in the prior year, the business posted $2.25 earnings per share. The company's revenue for the quarter was up 7.9% on a year-over-year basis. Research analysts predict 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 will be paid on Friday, June 6th. Investors of record on Friday, May 16th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, May 16th. Honeywell International's dividend payout ratio is presently 51.95%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

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