Bestgate Wealth Advisors LLC Buys Shares of 1,375 Honeywell International Inc. (NASDAQ:HON)

Bestgate Wealth Advisors LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,375 shares of the conglomerate's stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HON. Valmark Advisers Inc. lifted its holdings in shares of Honeywell International by 1.0% during the 4th quarter. Valmark Advisers Inc. now owns 4,641 shares of the conglomerate's stock worth $1,048,000 after acquiring an additional 45 shares during the period. ZWJ Investment Counsel Inc. raised its stake in Honeywell International by 3.4% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 1,448 shares of the conglomerate's stock worth $327,000 after purchasing an additional 47 shares during the period. Saxony Capital Management LLC boosted its holdings in shares of Honeywell International by 4.0% in the 4th quarter. Saxony Capital Management LLC now owns 1,225 shares of the conglomerate's stock valued at $277,000 after purchasing an additional 47 shares during the last quarter. Magnus Financial Group LLC increased its holdings in shares of Honeywell International by 0.5% during the 4th quarter. Magnus Financial Group LLC now owns 8,936 shares of the conglomerate's stock worth $2,019,000 after buying an additional 48 shares during the last quarter. Finally, Bill Few Associates Inc. raised its position in shares of Honeywell International by 0.3% in the 4th quarter. Bill Few Associates Inc. now owns 15,601 shares of the conglomerate's stock worth $3,524,000 after buying an additional 49 shares during the period. Hedge funds and other institutional investors own 75.91% of the company's stock.

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Honeywell International Stock Down 0.4 %

Shares of NASDAQ:HON traded down $0.77 during midday trading on Friday, reaching $210.12. The company had a trading volume of 6,544,911 shares, compared to its average volume of 3,229,305. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. 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 stock has a market capitalization of $136.56 billion, a P/E ratio of 24.12, a PEG ratio of 2.51 and a beta of 1.08. The stock's fifty day moving average price is $214.02 and its 200-day moving average price is $216.61.

Honeywell International (NASDAQ:HON - Get Free Report) last issued 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%. Equities research analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $1.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $4.52 annualized dividend and a dividend yield of 2.15%. Honeywell International's payout ratio is 51.89%.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.41% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on HON. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a "hold" rating to a "buy" rating and raised their price objective for the stock from $236.00 to $260.00 in a report on Friday, February 7th. Citigroup reduced their price target on shares of Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Hsbc Global Res raised shares of Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. HSBC raised shares of Honeywell International from a "hold" rating to a "buy" rating and set a $290.00 price target for the company in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada cut their price objective on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research report on Friday, February 7th. Ten investment 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 company. According to MarketBeat.com, Honeywell International has a consensus rating of "Hold" and a consensus target price of $249.38.

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.