Wynn Capital LLC Buys Shares of 3,467 Honeywell International Inc. (NASDAQ:HON)

Wynn Capital LLC purchased a new position in Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,467 shares of the conglomerate’s stock, valued at approximately $727,000.

Several other institutional investors have also recently made changes to their positions in HON. Harvest Fund Management Co. Ltd grew its position in Honeywell International by 10.9% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 5,793 shares of the conglomerate’s stock worth $1,211,000 after acquiring an additional 568 shares in the last quarter. Schnieders Capital Management LLC grew its position in Honeywell International by 3.8% in the fourth quarter. Schnieders Capital Management LLC now owns 11,674 shares of the conglomerate’s stock worth $2,448,000 after acquiring an additional 425 shares in the last quarter. GAMMA Investing LLC purchased a new position in Honeywell International in the fourth quarter worth $477,000. Element Wealth LLC purchased a new position in Honeywell International in the fourth quarter worth $222,000. Finally, Trust Co of Kansas grew its position in Honeywell International by 7.6% in the fourth quarter. Trust Co of Kansas now owns 24,818 shares of the conglomerate’s stock worth $5,205,000 after acquiring an additional 1,756 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Buying and Selling

In related news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value 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 $36,164,646. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.41% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 target price (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Barclays upped their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada cut their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. Finally, Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $219.67.

Honeywell International Trading Down 0.7 %

Shares of Honeywell International stock traded down $1.37 during trading on Wednesday, reaching $194.79. 3,576,760 shares of the stock were exchanged, compared to its average volume of 3,007,525. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01. The stock’s fifty day moving average is $198.35 and its 200 day moving average is $196.26. The firm has a market cap of $126.84 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.24 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.

Honeywell International (NASDAQ:HON) last posted 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. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. Honeywell International’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.52 earnings per share. As a group, equities research analysts expect that Honeywell International Inc. will post 9.94 earnings per share for the current fiscal 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 paid a $1.08 dividend. This represents a $4.32 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date was Thursday, February 29th. Honeywell International’s payout ratio is currently 51.00%.

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.