RKL Wealth Management LLC Increases Holdings in Honeywell International Inc. (NASDAQ:HON)

RKL Wealth Management LLC grew its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 384.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,217 shares of the conglomerate’s stock after buying an additional 5,726 shares during the period. RKL Wealth Management LLC’s holdings in Honeywell International were worth $1,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Howard Capital Management Group LLC lifted its holdings in shares of Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after purchasing an additional 174 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Honeywell International by 5.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 29,295 shares of the conglomerate’s stock valued at $6,056,000 after purchasing an additional 1,511 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Honeywell International by 3.7% in the 3rd quarter. Principal Financial Group Inc. now owns 797,426 shares of the conglomerate’s stock valued at $164,836,000 after purchasing an additional 28,812 shares during the last quarter. Montecito Bank & Trust lifted its holdings in shares of Honeywell International by 5.2% in the 3rd quarter. Montecito Bank & Trust now owns 4,798 shares of the conglomerate’s stock valued at $992,000 after purchasing an additional 237 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS lifted its holdings in shares of Honeywell International by 0.4% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 19,143 shares of the conglomerate’s stock valued at $3,957,000 after purchasing an additional 75 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on HON. JPMorgan Chase & Co. reduced their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Wednesday, December 11th. Barclays reduced their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Ten research 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $249.38.

Honeywell International Stock Performance

Shares of HON stock opened at $214.52 on Friday. The company has a market cap of $139.42 billion, a price-to-earnings ratio of 24.63, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The stock has a 50 day simple moving average of $216.76 and a 200-day simple moving average of $216.17. 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.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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, equities analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s payout ratio is currently 51.89%.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the vice president now directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.41% of the stock is currently owned by company 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.