Potomac Fund Management Inc. ADV Buys New Stake in Honeywell International Inc. (NASDAQ:HON)

Potomac Fund Management Inc. ADV purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 7,622 shares of the conglomerate's stock, valued at approximately $1,722,000. Honeywell International accounts for 1.5% of Potomac Fund Management Inc. ADV's holdings, making the stock its 11th largest position.

Other institutional investors have also modified their holdings of the company. Baldwin Wealth Partners LLC MA boosted its holdings in shares of Honeywell International by 4.0% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 67,303 shares of the conglomerate's stock valued at $15,203,000 after acquiring an additional 2,611 shares during the period. Coordinated Financial Services Inc. bought a new stake in Honeywell International in the 4th quarter valued at about $361,000. Costello Asset Management INC acquired a new position in Honeywell International during the 4th quarter valued at about $3,092,000. Raymond James Financial Inc. bought a new position in Honeywell International in the 4th quarter worth about $435,786,000. Finally, Dynasty Wealth Management LLC increased its stake in shares of Honeywell International by 52.1% in the fourth quarter. Dynasty Wealth Management LLC now owns 11,330 shares of the conglomerate's stock valued at $2,559,000 after purchasing an additional 3,879 shares during the period. Institutional investors own 75.91% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Honeywell International from $233.00 to $231.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Royal Bank of Canada decreased their price target on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating for the company in a research note on Friday, February 7th. StockNews.com cut shares of Honeywell International from a "buy" rating to a "hold" rating in a research note on Monday, December 23rd. Deutsche Bank Aktiengesellschaft raised Honeywell International from a "hold" rating to a "buy" rating and increased their price target for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Wells Fargo & Company cut their price target on shares of Honeywell International from $240.00 to $220.00 and set an "equal weight" rating for the company in a report on Friday, February 7th. Ten equities research 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 company's stock. According to data from MarketBeat.com, Honeywell International has a consensus rating of "Hold" and an average price target of $249.08.

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Honeywell International Stock Down 7.6 %

HON traded down $15.69 during trading on Friday, reaching $190.99. 8,445,242 shares of the stock traded hands, compared to its average volume of 3,531,124. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The stock's 50-day simple moving average is $211.63 and its two-hundred day simple moving average is $217.01. The stock has a market cap of $124.13 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, equities research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's payout ratio is 51.89%.

Insider Buying and Selling at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the company's stock in a transaction dated Monday, February 10th. The stock was 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 approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.41% of the company's stock.

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.