Atlas Legacy Advisors LLC Makes New Investment in Honeywell International Inc. (NASDAQ:HON)

Atlas Legacy Advisors LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,782 shares of the conglomerate's stock, valued at approximately $403,000.

Several other hedge funds also recently made changes to their positions in the stock. Howard Capital Management Group LLC boosted its stake in Honeywell International by 6.7% during the third quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate's stock valued at $571,000 after buying an additional 174 shares during the period. Calton & Associates Inc. lifted its stake in shares of Honeywell International by 22.3% in the 3rd quarter. Calton & Associates Inc. now owns 1,839 shares of the conglomerate's stock valued at $380,000 after acquiring an additional 335 shares during the last quarter. Accordant Advisory Group Inc lifted its stake in shares of Honeywell International by 71.9% in the 3rd quarter. Accordant Advisory Group Inc now owns 478 shares of the conglomerate's stock valued at $99,000 after acquiring an additional 200 shares during the last quarter. Tempus Wealth Planning LLC lifted its stake in shares of Honeywell International by 2.3% in the 3rd quarter. Tempus Wealth Planning LLC now owns 7,248 shares of the conglomerate's stock valued at $1,498,000 after acquiring an additional 162 shares during the last quarter. Finally, Community Trust & Investment Co. lifted its stake in shares of Honeywell International by 0.9% in the 3rd quarter. Community Trust & Investment Co. now owns 101,503 shares of the conglomerate's stock valued at $20,982,000 after acquiring an additional 922 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction 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 directly owns 41,580 shares in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.41% of the company's stock.

Honeywell International Stock Up 0.2 %

HON stock traded up $0.50 during midday trading on Friday, hitting $211.85. The company's stock had a trading volume of 2,191,597 shares, compared to its average volume of 4,055,594. The company has a market cap of $137.68 billion, a PE ratio of 24.31, a P/E/G ratio of 2.50 and a beta of 1.05. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm's 50-day moving average is $220.74 and its 200-day moving average is $215.17.

Honeywell International (NASDAQ:HON - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. On average, equities research analysts forecast 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 will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.13%. Honeywell International's payout ratio is 51.89%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HON shares. Wells Fargo & Company lowered their target price on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a research note on Friday, February 7th. Robert W. Baird downgraded Honeywell International from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $223.00 to $217.00 in a report on Friday, October 25th. HSBC upgraded Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target on the stock in a report on Wednesday, December 11th. The Goldman Sachs Group boosted their price target on Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, Barclays reduced their price target on Honeywell International from $260.00 to $251.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International presently has a consensus rating of "Moderate Buy" and an average price target of $248.71.

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.