Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Parthenon LLC

Parthenon LLC lifted its position in Honeywell International Inc. (NASDAQ:HON) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,251 shares of the conglomerate’s stock after purchasing an additional 69 shares during the quarter. Parthenon LLC’s holdings in Honeywell International were worth $262,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Brookstone Capital Management lifted its position in Honeywell International by 12.5% during the 3rd quarter. Brookstone Capital Management now owns 43,441 shares of the conglomerate’s stock worth $7,918,000 after acquiring an additional 4,843 shares during the period. PDS Planning Inc lifted its holdings in shares of Honeywell International by 3.0% in the 3rd quarter. PDS Planning Inc now owns 2,045 shares of the conglomerate’s stock valued at $378,000 after buying an additional 60 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Honeywell International by 1.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 383,307 shares of the conglomerate’s stock valued at $70,812,000 after buying an additional 6,686 shares during the period. Atlas Private Wealth Management lifted its holdings in shares of Honeywell International by 5.2% in the 3rd quarter. Atlas Private Wealth Management now owns 11,055 shares of the conglomerate’s stock valued at $2,042,000 after buying an additional 548 shares during the period. Finally, Toews Corp ADV acquired a new stake in shares of Honeywell International in the 3rd quarter valued at approximately $776,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.5 %

Shares of NASDAQ HON traded down $1.04 during midday trading on Tuesday, reaching $192.73. 3,127,683 shares of the company’s stock were exchanged, compared to its average volume of 3,012,040. Honeywell International Inc. has a 52-week low of $174.88 and a 52-week high of $210.87. The stock has a market capitalization of $125.50 billion, a PE ratio of 22.33, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.66. The business’s fifty day moving average price is $197.99 and its two-hundred day moving average price is $196.54.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. The firm had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a return on equity of 35.88% and a net margin of 15.52%. Honeywell International’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.07 earnings per share. Analysts forecast that Honeywell International Inc. will post 9.96 EPS for the current year.

Honeywell International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $1.08 dividend. The ex-dividend date is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.24%. Honeywell International’s dividend payout ratio (DPR) is 50.06%.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Royal Bank of Canada dropped their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research note on Friday, February 2nd. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and raised their price target for the stock from $195.00 to $240.00 in a research report on Wednesday, March 6th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research report on Friday. Barclays raised their price target on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $215.71.

Honeywell International 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.