Westbourne Investment Advisors Inc. Boosts Stock Position in Honeywell International Inc. (NASDAQ:HON)

Westbourne Investment Advisors Inc. lifted its position in Honeywell International Inc. (NASDAQ:HON) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,795 shares of the conglomerate’s stock after purchasing an additional 70 shares during the period. Westbourne Investment Advisors Inc.’s holdings in Honeywell International were worth $586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Marco Investment Management LLC raised its holdings in shares of Honeywell International by 8.8% during the 2nd quarter. Marco Investment Management LLC now owns 41,396 shares of the conglomerate’s stock worth $8,590,000 after acquiring an additional 3,342 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its position in shares of Honeywell International by 1,205.8% during the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 3,395 shares of the conglomerate’s stock worth $627,000 after buying an additional 3,135 shares in the last quarter. Jag Capital Management LLC raised its holdings in shares of Honeywell International by 40.8% in the 3rd quarter. Jag Capital Management LLC now owns 1,619 shares of the conglomerate’s stock valued at $299,000 after purchasing an additional 469 shares in the last quarter. Shulman DeMeo Asset Management LLC increased its holdings in Honeywell International by 11.1% during the fourth quarter. Shulman DeMeo Asset Management LLC now owns 1,686 shares of the conglomerate’s stock valued at $354,000 after buying an additional 169 shares during the period. Finally, Ferguson Wellman Capital Management Inc. grew its stake in Honeywell International by 1.7% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 495,917 shares of the conglomerate’s stock valued at $103,999,000 after purchasing an additional 8,493 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Price Performance

Shares of NASDAQ HON traded up $0.65 during midday trading on Thursday, hitting $205.78. The company had a trading volume of 779,234 shares, compared to its average volume of 3,036,625. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $210.87. The business has a 50-day simple moving average of $198.87 and a two-hundred day simple moving average of $195.01. The firm has a market capitalization of $134.21 billion, a price-to-earnings ratio of 24.22, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.01.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 EPS for the quarter, topping analysts’ consensus estimates of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the prior year, the business posted $2.52 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Honeywell International Inc. will post 9.96 earnings per share for the current year.

Honeywell International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $1.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.10%. Honeywell International’s dividend payout ratio (DPR) is 51.00%.

Analysts Set New Price Targets

Several research firms recently issued reports on HON. Barclays upped their target price on Honeywell International from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, February 6th. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Wells Fargo & Company upped their target price on Honeywell International from $190.00 to $213.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 19th. Finally, Royal Bank of Canada dropped their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a research report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $220.89.

Insider Activity

In other news, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.45% of the company’s stock.

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.