Confluence Investment Management LLC Purchases New Shares in Honeywell International Inc. $HON

Confluence Investment Management LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 517,167 shares of the conglomerate’s stock, valued at approximately $100,894,000. Honeywell International makes up approximately 1.5% of Confluence Investment Management LLC’s investment portfolio, making the stock its 24th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Holos Integrated Wealth LLC acquired a new stake in Honeywell International during the fourth quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC raised its holdings in Honeywell International by 491.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock valued at $30,000 after acquiring an additional 118 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of Honeywell International during the 3rd quarter valued at $31,000. Howard Hughes Medical Institute bought a new stake in shares of Honeywell International during the 2nd quarter valued at $33,000. Finally, Cedar Mountain Advisors LLC grew its holdings in shares of Honeywell International by 116.7% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock worth $33,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Down 0.4%

NASDAQ:HON opened at $229.02 on Friday. Honeywell International Inc. has a 52 week low of $169.21 and a 52 week high of $248.18. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.03 and a current ratio of 1.30. The firm’s fifty day moving average is $232.06 and its 200-day moving average is $212.69. The firm has a market cap of $145.58 billion, a P/E ratio of 28.66, a P/E/G ratio of 3.33 and a beta of 0.92.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, January 29th. The conglomerate reported $2.59 EPS for the quarter, beating the consensus estimate of $2.54 by $0.05. The company had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.47 EPS. Equities analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $1.19 per share. The ex-dividend date was Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.1%. Honeywell International’s dividend payout ratio is presently 59.57%.

Wall Street Analyst Weigh In

HON has been the topic of several recent analyst reports. Barclays raised their target price on shares of Honeywell International from $259.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Vertical Research lowered shares of Honeywell International from a “buy” rating to a “hold” rating and set a $220.00 price target on the stock. in a research report on Monday, January 5th. Evercore lifted their price objective on shares of Honeywell International from $255.00 to $265.00 and gave the company an “outperform” rating in a research note on Friday, January 30th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Honeywell International from $273.00 to $292.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Finally, Mizuho cut their target price on Honeywell International from $250.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $251.65.

Insider Buying and Selling at Honeywell International

In related news, Director D Scott Davis sold 2,367 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at $7,459,440. This represents a 7.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Robert D. Mailloux sold 10,549 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was sold at an average price of $229.00, for a total value of $2,415,721.00. Following the completion of the sale, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,099,887. This trade represents a 68.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 18,190 shares of company stock worth $4,244,287. Corporate insiders own 0.20% of the company’s stock.

Honeywell International Profile

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.