1,439 Shares in Honeywell International Inc. (NASDAQ:HON) Acquired by Topsail Wealth Management LLC

Topsail Wealth Management LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,439 shares of the conglomerate's stock, valued at approximately $325,000.

A number of other large investors have also made changes to their positions in HON. Keyvantage Wealth LLC acquired a new position in Honeywell International during the 4th quarter valued at approximately $229,000. Empire Financial Management Company LLC lifted its position in Honeywell International by 1.3% during the 4th quarter. Empire Financial Management Company LLC now owns 11,935 shares of the conglomerate's stock worth $2,696,000 after acquiring an additional 156 shares during the period. Integrated Wealth Concepts LLC grew its stake in Honeywell International by 3.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 25,587 shares of the conglomerate's stock valued at $5,780,000 after purchasing an additional 822 shares during the last quarter. Burling Wealth Partners LLC acquired a new position in shares of Honeywell International in the fourth quarter valued at about $5,972,000. Finally, J. Stern & Co. LLP raised its position in Honeywell International by 19.5% during the 4th quarter. J. Stern & Co. LLP now owns 239,274 shares of the conglomerate's stock worth $54,050,000 after buying an additional 39,032 shares during the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON traded down $1.87 on Wednesday, hitting $209.62. 1,704,831 shares of the company's stock were exchanged, compared to its average volume of 3,688,693. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The stock has a market cap of $134.84 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 2.51 and a beta of 1.01. The firm has a 50-day moving average price of $205.04 and a 200-day moving average price of $215.70. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.30. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Honeywell International's revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.25 EPS. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $4.52 annualized dividend and a dividend yield of 2.16%. Honeywell International's dividend payout ratio is currently 51.89%.

Insider Activity

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the transaction, the vice president now directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HON. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a "hold" rating to a "buy" rating and upped their price objective for the company from $236.00 to $260.00 in a report on Friday, February 7th. Morgan Stanley lifted their price objective on Honeywell International from $210.00 to $217.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 11th. Citigroup lowered their target price 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. JPMorgan Chase & Co. decreased their price target on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company raised their price objective on shares of Honeywell International from $205.00 to $225.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $241.46.

About Honeywell International

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.