JSF Financial LLC Makes New $202,000 Investment in Honeywell International Inc. (NASDAQ:HON)

JSF Financial LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 944 shares of the conglomerate’s stock, valued at approximately $202,000.

Other hedge funds have also made changes to their positions in the company. Bellwether Advisors LLC lifted its holdings in Honeywell International by 14.3% in the 3rd quarter. Bellwether Advisors LLC now owns 383 shares of the conglomerate’s stock worth $63,000 after buying an additional 48 shares during the period. S&CO Inc. raised its stake in Honeywell International by 3.4% during the third quarter. S&CO Inc. now owns 1,522 shares of the conglomerate’s stock valued at $254,000 after buying an additional 50 shares during the last quarter. Vantage Financial Partners Ltd. Inc. raised its stake in Honeywell International by 0.8% during the third quarter. Vantage Financial Partners Ltd. Inc. now owns 6,125 shares of the conglomerate’s stock valued at $1,023,000 after buying an additional 50 shares during the last quarter. Lcnb Corp raised its stake in Honeywell International by 1.0% during the third quarter. Lcnb Corp now owns 5,052 shares of the conglomerate’s stock valued at $844,000 after buying an additional 50 shares during the last quarter. Finally, Spirit of America Management Corp NY raised its stake in Honeywell International by 0.6% during the fourth quarter. Spirit of America Management Corp NY now owns 8,900 shares of the conglomerate’s stock valued at $1,907,000 after buying an additional 50 shares during the last quarter. 74.30% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

Shares of Honeywell International stock traded up $1.25 on Friday, reaching $193.52. 319,700 shares of the stock were exchanged, compared to its average volume of 2,864,211. Honeywell International Inc. has a 1-year low of $166.63 and a 1-year high of $220.96. The company has a current ratio of 1.26, a quick ratio of 0.94 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average price of $195.01 and a two-hundred day moving average price of $198.25. The firm has a market capitalization of $128.82 billion, a PE ratio of 24.97, a PEG ratio of 2.29 and a beta of 1.09.

Honeywell International (NASDAQ:HON – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The conglomerate reported $2.07 EPS for the quarter, beating the consensus estimate of $1.93 by $0.14. The business had revenue of $8.86 billion for the quarter, compared to analyst estimates of $8.51 billion. Honeywell International had a net margin of 14.53% and a return on equity of 34.01%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.91 earnings per share. As a group, research analysts anticipate that Honeywell International Inc. will post 9.15 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, May 12th will be paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Thursday, May 11th. Honeywell International’s dividend payout ratio is currently 53.51%.

Insider Activity

In other news, COO Vimal Kapur sold 6,500 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $197.46, for a total value of $1,283,490.00. Following the completion of the sale, the chief operating officer now owns 8,622 shares of the company’s stock, valued at approximately $1,702,500.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HON shares. StockNews.com started coverage on Honeywell International in a report on Thursday, May 18th. They issued a “buy” rating for the company. UBS Group cut their price objective on Honeywell International from $193.00 to $185.00 and set a “sell” rating for the company in a report on Tuesday, February 28th. HSBC boosted their price target on Honeywell International from $190.00 to $205.00 and gave the company a “hold” rating in a report on Tuesday, February 14th. Deutsche Bank Aktiengesellschaft cut their price target on Honeywell International from $235.00 to $228.00 and set a “buy” rating for the company in a report on Wednesday, April 12th. Finally, Morgan Stanley boosted their price target on Honeywell International from $209.00 to $213.00 and gave the company an “equal weight” rating in a report on Friday, February 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus target price of $214.56.

About Honeywell International

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Honeywell International, Inc is a software industrial company, which offers industry specific solutions to aerospace and automotive products and services. It specializes in turbochargers control, sensing and security technologies for buildings and homes, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business, and transportation.