7,622 Shares in Honeywell International Inc. (NASDAQ:HON) Bought by Potomac Fund Management Inc. ADV

Potomac Fund Management Inc. ADV acquired a new stake in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,622 shares of the conglomerate’s stock, valued at approximately $1,722,000. Honeywell International accounts for 1.5% of Potomac Fund Management Inc. ADV’s investment portfolio, making the stock its 11th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in HON. Howard Capital Management Group LLC raised its holdings 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 worth $571,000 after buying an additional 174 shares during the last quarter. United Bank raised its holdings in shares of Honeywell International by 2.8% in the 3rd quarter. United Bank now owns 8,183 shares of the conglomerate’s stock worth $1,692,000 after acquiring an additional 220 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Honeywell International by 62.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 771 shares of the conglomerate’s stock valued at $159,000 after acquiring an additional 297 shares in the last quarter. Benjamin Edwards Inc. lifted its position in Honeywell International by 1,182.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 22,296 shares of the conglomerate’s stock valued at $4,609,000 after acquiring an additional 20,557 shares in the last quarter. Finally, Ascent Group LLC increased its holdings in Honeywell International by 83.4% during the 3rd quarter. Ascent Group LLC now owns 17,203 shares of the conglomerate’s stock worth $3,556,000 after purchasing an additional 7,822 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Up 0.7 %

Shares of NASDAQ HON opened at $211.75 on Tuesday. The business’s fifty day moving average price is $212.99 and its 200-day moving average price is $217.12. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The stock has a market capitalization of $137.62 billion, a PE ratio of 24.31, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON) last posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. On average, equities research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Friday, February 28th. Honeywell International’s dividend payout ratio (DPR) is presently 51.89%.

Insider Activity at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the completion of the transaction, the vice president now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Wells Fargo & Company dropped their price objective on Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Jefferies Financial Group raised their price target on shares of Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Finally, Citigroup reduced their price objective on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Honeywell International has an average rating of “Hold” and an average price target of $249.08.

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.