OneAscent Financial Services LLC Acquires Shares of 2,052 Honeywell International Inc. (NASDAQ:HON)

OneAscent Financial Services LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,052 shares of the conglomerate's stock, valued at approximately $464,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its position in Honeywell International by 6.7% in the 3rd 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. United Bank raised its stake in shares of Honeywell International by 2.8% during the third quarter. United Bank now owns 8,183 shares of the conglomerate's stock valued at $1,692,000 after acquiring an additional 220 shares in the last quarter. Redwood Investment Management LLC grew its stake in Honeywell International by 0.5% in the third quarter. Redwood Investment Management LLC now owns 10,722 shares of the conglomerate's stock worth $2,216,000 after purchasing an additional 57 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings in Honeywell International by 3.9% during the 3rd quarter. Royal London Asset Management Ltd. now owns 271,201 shares of the conglomerate's stock worth $56,060,000 after purchasing an additional 10,118 shares during the period. Finally, RBF Capital LLC bought a new stake in Honeywell International during the 3rd quarter valued at $2,067,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Stock Performance

HON stock traded down $3.12 during midday trading on Tuesday, reaching $184.34. The stock had a trading volume of 3,802,381 shares, compared to its average volume of 3,560,695. The firm has a fifty day simple moving average of $210.86 and a two-hundred day simple moving average of $217.10. Honeywell International Inc. has a 52-week low of $183.39 and a 52-week high of $242.77. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31. The stock has a market cap of $119.81 billion, a PE ratio of 21.20, a P/E/G ratio of 2.51 and a beta of 1.01.

Remove Ads

Honeywell International (NASDAQ:HON - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International's dividend payout ratio (DPR) is currently 51.89%.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm'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 sale, the vice president now directly owns 41,580 shares of the company's stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.41% of the company's stock.

Analysts Set New Price Targets

HON has been the topic of several research reports. Royal Bank of Canada cut their price target on Honeywell International from $253.00 to $236.00 and set a "sector perform" rating on the stock in a research note on Friday, February 7th. The Goldman Sachs Group increased their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Wells Fargo & Company reduced their price objective on shares of 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. Citigroup dropped their target price on Honeywell International from $268.00 to $266.00 and set a "buy" rating on the stock in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. cut their price target on Honeywell International from $205.00 to $178.00 and set a "neutral" rating on the stock in a report on Tuesday. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Honeywell International currently has an average rating of "Hold" and an average price target of $245.00.

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.