Investors Asset Management of Georgia Inc. GA ADV Has $522,000 Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Investors Asset Management of Georgia Inc. GA ADV boosted its position in Honeywell International Inc. (NASDAQ:HON) by 41.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,566 shares of the conglomerate’s stock after acquiring an additional 750 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Honeywell International were worth $522,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Cordant Inc. acquired a new position in Honeywell International during the fourth quarter valued at approximately $31,000. Rakuten Securities Inc. acquired a new position in Honeywell International during the fourth quarter valued at approximately $31,000. True Wealth Design LLC acquired a new position in Honeywell International during the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new position in Honeywell International during the fourth quarter valued at approximately $37,000. Finally, TFO Wealth Partners LLC grew its holdings in Honeywell International by 105.6% during the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock valued at $41,000 after purchasing an additional 114 shares during the period. Institutional investors own 75.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HON shares. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Barclays upped their price target on shares of Honeywell International from $230.00 to $232.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $215.00 price target (down previously from $227.00) on shares of Honeywell International in a report on Tuesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Honeywell International currently has an average rating of “Hold” and a consensus target price of $219.67.

Honeywell International Stock Performance

Shares of HON traded up $0.27 during trading hours on Thursday, hitting $190.63. The company had a trading volume of 942,458 shares, compared to its average volume of 2,989,825. The firm has a market cap of $124.13 billion, a price-to-earnings ratio of 22.47, a PEG ratio of 2.18 and a beta of 1.02. The business has a fifty day moving average of $198.41 and a 200-day moving average of $195.82. Honeywell International Inc. has a 12 month low of $174.88 and a 12 month high of $210.87. 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 issued its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.01. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.70 billion. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.52 earnings per share. Equities analysts anticipate that Honeywell International Inc. will post 9.94 EPS for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $4.32 annualized dividend and a dividend yield of 2.27%. Honeywell International’s dividend payout ratio (DPR) is presently 51.00%.

Insider Activity at Honeywell International

In related news, Director Darius Adamczyk sold 25,500 shares of the company’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 transaction, the director now directly owns 183,400 shares in the company, valued at $36,164,646. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.41% of the stock is currently owned by corporate insiders.

Honeywell International 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.