Waycross Partners LLC Raises Holdings in Honeywell International Inc. (NASDAQ:HON)

Waycross Partners LLC grew its holdings in Honeywell International Inc. (NASDAQ:HON - Free Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,519 shares of the conglomerate's stock after buying an additional 2,820 shares during the quarter. Honeywell International accounts for 2.9% of Waycross Partners LLC's investment portfolio, making the stock its 12th largest position. Waycross Partners LLC's holdings in Honeywell International were worth $22,254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International in the third quarter worth approximately $25,000. Reston Wealth Management LLC acquired a new stake in shares of Honeywell International in the third quarter worth approximately $29,000. Hoese & Co LLP acquired a new stake in shares of Honeywell International in the fourth quarter worth approximately $30,000. Financial Avengers Inc. boosted its stake in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate's stock worth $32,000 after acquiring an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp boosted its stake in shares of Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate's stock worth $34,000 after acquiring an additional 81 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.

Honeywell International Trading Up 0.3 %

Shares of Honeywell International stock traded up $0.59 during trading hours on Friday, hitting $211.94. The company's stock had a trading volume of 6,221,796 shares, compared to its average volume of 4,177,537. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The firm has a fifty day moving average of $220.43 and a 200-day moving average of $215.25. The stock has a market cap of $137.74 billion, a price-to-earnings ratio of 24.33, a P/E/G ratio of 2.50 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON - Get Free Report) last posted 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%. Research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.13 dividend. 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 dividend payout ratio is presently 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 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 sale, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.41% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HON shares. Wells Fargo & Company lowered their price target on Honeywell International from $240.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Friday, February 7th. UBS Group reaffirmed a "buy" rating and issued a $298.00 price target (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Hsbc Global Res raised Honeywell International to a "strong-buy" rating in a research note on Wednesday, December 11th. Royal Bank of Canada lowered their price objective 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. Finally, Morgan Stanley boosted their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.