Fiduciary Group LLC Buys 1,416 Shares of Honeywell International Inc. (NASDAQ:HON)

Fiduciary Group LLC raised its position in shares of Honeywell International Inc. (NASDAQ:HON) by 5.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 29,666 shares of the conglomerate’s stock after purchasing an additional 1,416 shares during the period. Fiduciary Group LLC’s holdings in Honeywell International were worth $6,221,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Magnus Financial Group LLC lifted its stake in shares of Honeywell International by 1.8% during the 4th quarter. Magnus Financial Group LLC now owns 7,740 shares of the conglomerate’s stock valued at $1,623,000 after buying an additional 134 shares in the last quarter. HHM Wealth Advisors LLC raised its holdings in Honeywell International by 14.4% during the fourth quarter. HHM Wealth Advisors LLC now owns 954 shares of the conglomerate’s stock valued at $200,000 after acquiring an additional 120 shares during the period. Legacy Capital Wealth Partners LLC lifted its position in shares of Honeywell International by 10.8% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 1,239 shares of the conglomerate’s stock valued at $260,000 after acquiring an additional 121 shares in the last quarter. Intellectus Partners LLC boosted its stake in shares of Honeywell International by 2.4% in the fourth quarter. Intellectus Partners LLC now owns 9,950 shares of the conglomerate’s stock worth $2,087,000 after acquiring an additional 234 shares during the period. Finally, Mogy Joel R Investment Counsel Inc. purchased a new stake in shares of Honeywell International during the fourth quarter worth about $210,000. 75.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of Honeywell International stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the completion of the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International Price Performance

Shares of Honeywell International stock traded up $0.43 during trading hours on Friday, reaching $193.45. The company’s stock had a trading volume of 3,041,537 shares, compared to its average volume of 2,666,853. The firm has a 50 day moving average price of $198.18 and a 200-day moving average price of $196.34. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.66 and a quick ratio of 0.93. The stock has a market cap of $125.97 billion, a P/E ratio of 22.42, a P/E/G ratio of 2.21 and a beta of 1.02. Honeywell International Inc. has a one year low of $174.88 and a one year high of $210.87.

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

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a yield of 2.23%. Honeywell International’s payout ratio is presently 50.06%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating on the stock in a report on Friday, February 2nd. Barclays increased their price objective on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and lifted their target price 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, four have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently 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.