Benjamin Edwards Inc. Has $6.83 Million Stake in Honeywell International Inc. (NASDAQ:HON)

Benjamin Edwards Inc. boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 35.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,252 shares of the conglomerate’s stock after purchasing an additional 7,956 shares during the quarter. Benjamin Edwards Inc.’s holdings in Honeywell International were worth $6,834,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BLI Banque de Luxembourg Investments purchased a new position in shares of Honeywell International during the fourth quarter valued at approximately $14,005,000. BNP Paribas boosted its holdings in Honeywell International by 85.6% during the 4th quarter. BNP Paribas now owns 34,885 shares of the conglomerate’s stock worth $7,878,000 after acquiring an additional 16,085 shares during the last quarter. Alteri Wealth LLC bought a new stake in shares of Honeywell International in the 4th quarter worth $552,000. Ancora Advisors LLC raised its holdings in shares of Honeywell International by 0.6% in the fourth quarter. Ancora Advisors LLC now owns 208,469 shares of the conglomerate’s stock valued at $47,091,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its position in shares of Honeywell International by 28.7% during the fourth quarter. Aptus Capital Advisors LLC now owns 96,851 shares of the conglomerate’s stock valued at $21,878,000 after purchasing an additional 21,612 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on HON. Morgan Stanley increased their price objective on shares of 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 dropped their price target on Honeywell International from $253.00 to $229.00 and set a “buy” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $205.00 to $178.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lifted their target price on Honeywell International from $205.00 to $225.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 30th. Finally, Barclays reduced their price target on shares of Honeywell International from $247.00 to $243.00 and set an “overweight” rating for the company in a research report on Wednesday, April 30th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $241.46.

Honeywell International Stock Up 0.1 %

HON stock opened at $214.25 on Tuesday. Honeywell International Inc. has a twelve month low of $179.36 and a twelve month high of $242.77. The firm has a market capitalization of $137.69 billion, a PE ratio of 24.60, a PEG ratio of 2.51 and a beta of 1.07. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The stock has a 50-day simple moving average of $205.12 and a two-hundred day simple moving average of $215.49.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Tuesday, April 29th. The conglomerate reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.30. The firm had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.59 billion. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.25 earnings per share. On average, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be given a dividend of $1.13 per share. The ex-dividend date is Friday, May 16th. This represents a $4.52 annualized dividend and a yield of 2.11%. Honeywell International’s payout ratio is presently 51.95%.

Insiders Place Their Bets

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.