Petros Family Wealth LLC Acquires New Shares in Honeywell International Inc. (NASDAQ:HON)

Petros Family Wealth LLC bought a new position in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,694 shares of the conglomerate's stock, valued at approximately $383,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Coign Capital Advisors LLC acquired a new position in Honeywell International during the fourth quarter worth about $434,000. Integrity Financial Corp WA purchased a new stake in Honeywell International in the 4th quarter valued at approximately $247,000. Heritage Trust Co acquired a new stake in Honeywell International during the 4th quarter valued at $3,170,000. Tandem Wealth Advisors LLC increased its position in Honeywell International by 6.9% during the fourth quarter. Tandem Wealth Advisors LLC now owns 1,329 shares of the conglomerate's stock worth $300,000 after buying an additional 86 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC raised its holdings in shares of Honeywell International by 3.0% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,408 shares of the conglomerate's stock worth $996,000 after acquiring an additional 127 shares during the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Stock Down 0.7 %

NASDAQ HON traded down $1.44 during trading hours on Tuesday, hitting $198.81. The company had a trading volume of 2,808,029 shares, compared to its average volume of 3,629,211. Honeywell International Inc. has a fifty-two week low of $179.36 and a fifty-two week high of $242.77. The firm's 50 day moving average is $206.83 and its 200 day moving average is $216.43. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. The company has a market capitalization of $129.21 billion, a price-to-earnings ratio of 22.83, a P/E/G ratio of 2.51 and a beta of 1.01.

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Honeywell International (NASDAQ:HON - Get Free Report) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. Sell-side analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $1.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.27%. Honeywell International's dividend payout ratio (DPR) is 51.89%.

Insider Activity at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.41% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on HON shares. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Citigroup lowered their target price on shares of Honeywell International from $253.00 to $229.00 and set a "buy" rating for the company in a research note on Monday. StockNews.com lowered Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, December 23rd. JPMorgan Chase & Co. lowered their price objective on Honeywell International from $205.00 to $178.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group raised their price target on Honeywell International from $220.00 to $260.00 and gave the stock a "hold" rating in a research note on Tuesday, December 17th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $242.15.

Honeywell International 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.