Atlas Legacy Advisors LLC Purchases Shares of 1,782 Honeywell International Inc. (NASDAQ:HON)

Atlas Legacy Advisors LLC purchased a new stake in shares of Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, Holdings Channel reports. The firm purchased 1,782 shares of the conglomerate’s stock, valued at approximately $403,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of Jackson Hole Trust bought a new stake in Honeywell International during the 4th quarter valued at $1,476,000. Klingman & Associates LLC increased its stake in Honeywell International by 6.4% during the 4th quarter. Klingman & Associates LLC now owns 2,838 shares of the conglomerate’s stock valued at $641,000 after purchasing an additional 171 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund increased its stake in Honeywell International by 44.1% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 27,788 shares of the conglomerate’s stock valued at $6,277,000 after purchasing an additional 8,508 shares in the last quarter. Ramsay Stattman Vela & Price Inc. bought a new stake in Honeywell International during the 4th quarter valued at $210,000. Finally, Creative Capital Management Investments LLC increased its stake in Honeywell International by 168.1% during the 4th quarter. Creative Capital Management Investments LLC now owns 303 shares of the conglomerate’s stock valued at $68,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction dated 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 in the company, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

HON has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. Bank of America lifted their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Royal Bank of Canada cut their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. The Goldman Sachs Group lifted their price objective on shares of Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company cut their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a report on Friday, February 7th. Ten investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

Honeywell International Trading Up 1.3 %

Shares of Honeywell International stock opened at $210.81 on Thursday. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The stock’s 50-day simple moving average is $221.07 and its 200 day simple moving average is $215.19. The stock has a market capitalization of $137.08 billion, a P/E ratio of 24.20, a P/E/G ratio of 2.41 and a beta of 1.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.31.

Honeywell International (NASDAQ:HON) last announced its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate 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 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

About Honeywell International

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.