Fulton Breakefield Broenniman LLC Has $12.68 Million Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Fulton Breakefield Broenniman LLC trimmed its stake in Honeywell International Inc. (NASDAQ:HON) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,470 shares of the conglomerate’s stock after selling 488 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Honeywell International were worth $12,681,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in Honeywell International in the fourth quarter worth $31,000. Cordant Inc. acquired a new stake in Honeywell International in the fourth quarter worth $31,000. Financial Connections Group Inc. acquired a new stake in Honeywell International in the fourth quarter worth $37,000. TFO Wealth Partners LLC grew its holdings in Honeywell International by 105.6% in the third quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after purchasing an additional 114 shares during the period. Finally, Wetzel Investment Advisors Inc. acquired a new position in shares of Honeywell International during the fourth quarter valued at about $48,000. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HON shares. Berenberg Bank upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $195.00 to $240.00 in a report on Wednesday, March 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $215.00 price objective (down from $227.00) on shares of Honeywell International in a report on Tuesday, April 16th. Barclays lifted their price objective 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. Royal Bank of Canada reduced their price objective 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. Finally, StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $219.67.

Honeywell International Stock Up 0.2 %

Honeywell International stock opened at $193.45 on Friday. Honeywell International Inc. has a fifty-two week low of $174.88 and a fifty-two week high of $210.87. The stock has a market cap of $125.97 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 2.21 and a beta of 1.02. The firm’s 50-day simple moving average is $198.18 and its 200 day simple moving average is $196.34. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.93 and a current ratio of 1.66.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, topping the consensus estimate of $2.17 by $0.08. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The business had revenue of $9.11 billion for the quarter, compared to analysts’ expectations of $9.03 billion. During the same period in the previous year, the company earned $2.07 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. Research analysts predict that Honeywell International Inc. will post 9.96 EPS for the current fiscal 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 $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.23%. The ex-dividend date was Thursday, February 29th. Honeywell International’s dividend payout ratio is 50.06%.

Insiders Place Their Bets

In other Honeywell International news, Director Darius Adamczyk sold 25,500 shares of Honeywell International 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 sale, the director now owns 183,400 shares of the company’s stock, valued at $36,164,646. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.

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.