Honeywell International Inc. (NASDAQ:HON) Shares Purchased by Fairhaven Wealth Management LLC

Fairhaven Wealth Management LLC boosted its stake in Honeywell International Inc. (NASDAQ:HON) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,378 shares of the conglomerate’s stock after purchasing an additional 148 shares during the period. Honeywell International comprises approximately 0.9% of Fairhaven Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Fairhaven Wealth Management LLC’s holdings in Honeywell International were worth $3,022,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America purchased a new position in shares of Honeywell International in the third quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new stake in Honeywell International during the 3rd quarter worth approximately $29,000. Hoese & Co LLP purchased a new position in Honeywell International in the 4th quarter valued at approximately $30,000. Financial Avengers Inc. grew 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 in the last quarter. Finally, Planning Capital Management Corp increased its position in shares of Honeywell International by 96.4% during 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 period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HON. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada decreased their price objective 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. Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. UBS Group reaffirmed a “buy” rating and issued a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Finally, Citigroup lowered their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were 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 of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. 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.

Honeywell International Price Performance

Shares of NASDAQ:HON opened at $209.91 on Tuesday. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The firm has a market capitalization of $136.42 billion, a P/E ratio of 24.10, a P/E/G ratio of 2.51 and a beta of 1.05. 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 company’s fifty day moving average price is $219.91 and its 200 day moving average price is $215.56.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

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.