Jackson Wealth Management LLC Grows Stock Holdings in Honeywell International Inc. (NASDAQ:HON)

Jackson Wealth Management LLC boosted its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 12.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,359 shares of the conglomerate’s stock after purchasing an additional 487 shares during the quarter. Jackson Wealth Management LLC’s holdings in Honeywell International were worth $895,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HON. Price T Rowe Associates Inc. MD grew its holdings in Honeywell International by 22.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,587,718 shares of the conglomerate’s stock worth $1,967,880,000 after acquiring an additional 1,746,759 shares in the last quarter. Northern Trust Corp lifted its position in shares of Honeywell International by 0.3% during the fourth quarter. Northern Trust Corp now owns 6,451,134 shares of the conglomerate’s stock valued at $1,352,867,000 after buying an additional 17,591 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Honeywell International by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,621,544 shares of the conglomerate’s stock valued at $759,474,000 after buying an additional 66,213 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Honeywell International by 6.7% during the first quarter. Capital Research Global Investors now owns 3,402,252 shares of the conglomerate’s stock valued at $698,312,000 after buying an additional 212,327 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Honeywell International by 8.1% during the first quarter. Janus Henderson Group PLC now owns 2,698,596 shares of the conglomerate’s stock valued at $553,880,000 after buying an additional 202,358 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insider Activity at Honeywell International

In other Honeywell International news, Director Darius Adamczyk sold 28,500 shares of Honeywell International stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $203.96, for a total transaction of $5,812,860.00. Following the sale, the director now owns 203,510 shares of the company’s stock, valued at approximately $41,507,899.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.41% of the stock is owned by corporate insiders.

Honeywell International Stock Performance

Shares of NASDAQ HON traded down $0.89 during midday trading on Friday, reaching $203.69. 3,377,778 shares of the stock were exchanged, compared to its average volume of 2,908,121. The firm has a market cap of $132.33 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 2.32 and a beta of 1.04. Honeywell International Inc. has a twelve month low of $174.88 and a twelve month high of $220.79. The firm has a 50-day simple moving average of $210.09 and a two-hundred day simple moving average of $202.62. The company has a quick ratio of 0.91, a current ratio of 1.21 and a debt-to-equity ratio of 1.19.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, July 25th. The conglomerate reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.07. Honeywell International had a net margin of 15.49% and a return on equity of 36.87%. The firm had revenue of $9.58 billion for the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter last year, the company earned $2.23 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that Honeywell International Inc. will post 10.14 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a $1.08 dividend. The ex-dividend date is Friday, August 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.12%. Honeywell International’s dividend payout ratio is currently 50.06%.

Wall Street Analyst Weigh In

HON has been the subject of several research analyst reports. Daiwa America raised shares of Honeywell International to a “moderate buy” rating in a research report on Wednesday, June 5th. UBS Group raised shares of Honeywell International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $175.00 to $215.00 in a research report on Monday, June 10th. Royal Bank of Canada reduced their price target on shares of Honeywell International from $218.00 to $214.00 and set a “sector perform” rating for the company in a research report on Friday, July 26th. StockNews.com lowered shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $215.00 price target (down from $227.00) on shares of Honeywell International in a research report on Tuesday, April 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $225.00.

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.