Perennial Investment Advisors LLC Raises Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Perennial Investment Advisors LLC boosted its holdings in Honeywell International Inc. (NASDAQ:HON) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,796 shares of the conglomerate’s stock after purchasing an additional 88 shares during the period. Perennial Investment Advisors LLC’s holdings in Honeywell International were worth $406,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC grew its position in shares of Honeywell International by 6.7% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after acquiring an additional 174 shares during the period. United Bank grew its holdings in 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 purchasing an additional 220 shares during the period. Kovitz Investment Group Partners LLC increased its position in Honeywell International by 6.2% in the third quarter. Kovitz Investment Group Partners LLC now owns 84,325 shares of the conglomerate’s stock worth $17,431,000 after buying an additional 4,945 shares during the last quarter. EP Wealth Advisors LLC raised its stake in shares of Honeywell International by 7.4% in the third quarter. EP Wealth Advisors LLC now owns 362,413 shares of the conglomerate’s stock valued at $74,914,000 after buying an additional 25,033 shares during the period. Finally, National Bank of Canada FI grew its stake in shares of Honeywell International by 60.4% during the 3rd quarter. National Bank of Canada FI now owns 749,211 shares of the conglomerate’s stock worth $154,869,000 after acquiring an additional 282,090 shares during the period. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ HON opened at $190.99 on Friday. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a fifty day moving average of $211.63 and a 200-day moving average of $217.10. The company has a market capitalization of $124.13 billion, a P/E ratio of 21.93, a P/E/G ratio of 2.51 and a beta of 1.01. 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) last issued its quarterly earnings results 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 predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Analyst Ratings Changes

Several equities research analysts have commented on HON shares. Citigroup dropped their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a report on Monday, January 13th. HSBC raised shares of Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a report on Wednesday, December 11th. Barclays lowered their target price on shares of Honeywell International from $251.00 to $247.00 and set an “overweight” rating on the stock in a report on Wednesday, March 26th. The Goldman Sachs Group raised their price target on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, StockNews.com lowered Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $249.08.

Insider Transactions at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction dated 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.41% of the company’s stock.

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.