Octavia Wealth Advisors LLC Acquires Shares of 1,534 Honeywell International Inc. (NASDAQ:HON)

Octavia Wealth Advisors LLC acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,534 shares of the conglomerate’s stock, valued at approximately $322,000.

Other large investors have also bought and sold shares of the company. True Wealth Design LLC bought a new stake in shares of Honeywell International during the 4th quarter worth $31,000. Cordant Inc. bought a new stake in shares of Honeywell International during the 4th quarter worth $31,000. Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the 4th quarter worth $37,000. Fortis Capital Advisors LLC bought a new stake in shares of Honeywell International during the 4th quarter worth $46,000. Finally, TFO Wealth Partners LLC raised its stake in shares of Honeywell International by 105.6% during the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the period. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Stock Performance

NASDAQ:HON opened at $190.72 on Wednesday. The business has a 50 day moving average of $198.48 and a 200 day moving average of $195.86. The company has a market capitalization of $124.19 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 2.22 and a beta of 1.02. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.27 and a quick ratio of 0.93.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a return on equity of 35.17% and a net margin of 15.43%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the previous year, the company posted $2.52 EPS. Honeywell International’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 annualized dividend and a yield of 2.27%. Honeywell International’s payout ratio is currently 51.00%.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares in the company, valued at $36,164,646. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on HON shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 target price (down from $227.00) on shares of Honeywell International in a research note on Tuesday. Barclays lifted their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada decreased their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Wells Fargo & Company lifted their price objective on Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 19th. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $219.67.

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.