Element Wealth LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Element Wealth LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,058 shares of the conglomerate’s stock, valued at approximately $222,000.

A number of other institutional investors have also recently bought and sold shares of the business. Cordant Inc. bought a new stake in shares of Honeywell International in the 4th quarter worth approximately $31,000. Rakuten Securities Inc. purchased a new stake in shares of Honeywell International during the 4th quarter valued at about $31,000. Financial Connections Group Inc. purchased a new stake in Honeywell International during the 4th quarter valued at approximately $37,000. TFO Wealth Partners LLC lifted its position in Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after buying an additional 114 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its stake in shares of Honeywell International by 42.0% during the third quarter. Raleigh Capital Management Inc. now owns 257 shares of the conglomerate’s stock valued at $47,000 after buying an additional 76 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

Insiders Place Their Bets

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction that occurred 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 sale, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.41% of the company’s stock.

Honeywell International Stock Up 0.3 %

Shares of NASDAQ HON traded up $0.58 during trading hours on Tuesday, hitting $196.16. The company had a trading volume of 2,554,614 shares, compared to its average volume of 3,000,213. The firm’s 50 day moving average is $198.31 and its 200-day moving average is $196.18. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The stock has a market capitalization of $127.74 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings results on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, beating 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 firm had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period last year, the firm posted $2.52 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.20%. Honeywell International’s dividend payout ratio is currently 51.00%.

Analysts Set New Price Targets

HON has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada lowered their price objective on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a research report on Friday, February 2nd. Berenberg Bank raised shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $195.00 to $240.00 in a report on Wednesday, March 6th. Finally, Barclays boosted their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average 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.