Bestgate Wealth Advisors LLC Invests $311,000 in Honeywell International Inc. (NASDAQ:HON)

Bestgate Wealth Advisors LLC bought a new position in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,375 shares of the conglomerate’s stock, valued at approximately $311,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Howard Capital Management Group LLC boosted its position in Honeywell International by 6.7% during the third 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. United Bank boosted its position 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 last quarter. GSA Capital Partners LLP bought a new position in Honeywell International during the third quarter valued at about $414,000. Aljian Capital Management LLC bought a new position in Honeywell International during the third quarter valued at about $216,000. Finally, Quest Partners LLC raised its holdings in Honeywell International by 471,350.0% during the third quarter. Quest Partners LLC now owns 9,429 shares of the conglomerate’s stock valued at $1,949,000 after buying an additional 9,427 shares in the last quarter. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Down 0.3 %

HON stock opened at $209.74 on Wednesday. Honeywell International Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a market cap of $136.31 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The business’s 50-day simple moving average is $214.60 and its 200 day simple moving average is $216.61. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

Analysts Set New Price Targets

HON has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their target price on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company cut their target price on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Jefferies Financial Group raised their target price on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $236.00 to $260.00 in a research note on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Honeywell International has an average rating of “Hold” and an average target price of $249.38.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.