Bestgate Wealth Advisors LLC Invests $311,000 in Honeywell International Inc. (NASDAQ:HON)

Bestgate Wealth Advisors LLC bought a new position in Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, Holdings Channel reports. The firm bought 1,375 shares of the conglomerate’s stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bank of Marin boosted its holdings in shares of Honeywell International by 7.5% in the 4th quarter. Bank of Marin now owns 3,572 shares of the conglomerate’s stock worth $807,000 after acquiring an additional 250 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $28,323,000. Enhancing Capital LLC acquired a new position in shares of Honeywell International in the 4th quarter worth approximately $1,220,000. Boston Partners raised its position in Honeywell International by 29.2% in the 4th quarter. Boston Partners now owns 2,994,634 shares of the conglomerate’s stock worth $675,986,000 after purchasing an additional 677,213 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in Honeywell International in the 4th quarter worth approximately $3,671,000. 75.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HON has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Jefferies Financial Group boosted their price objective on shares of Honeywell International from $220.00 to $260.00 and gave the stock a “hold” rating in a research report on Tuesday, December 17th. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. HSBC upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their target price for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Ten 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 stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Hold” and an average price target of $249.38.

Honeywell International Stock Performance

Shares of Honeywell International stock opened at $209.74 on Wednesday. The company has a market capitalization of $136.31 billion, a PE ratio of 24.08, a PEG ratio of 2.51 and a beta of 1.08. Honeywell International Inc. has a 12 month low of $189.75 and a 12 month high of $242.77. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The stock’s fifty day simple moving average is $214.60 and its 200 day simple moving average is $216.61.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 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%. On average, research analysts predict 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. Investors of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.16%. The ex-dividend date was Friday, February 28th. Honeywell International’s payout ratio is presently 51.89%.

Insider Buying and Selling

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the 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 transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is currently owned by company insiders.

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.