BlueStem Wealth Partners LLC Invests $223,000 in Honeywell International Inc. (NASDAQ:HON)

BlueStem Wealth Partners LLC acquired a new stake in Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 989 shares of the conglomerate’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HON. Purkiss Capital Advisors LLC acquired a new position in shares of Honeywell International in the 4th quarter valued at $252,000. PCG Asset Management LLC bought a new stake in Honeywell International in the fourth quarter valued at about $742,000. Levin Capital Strategies L.P. lifted its stake in Honeywell International by 66.7% in the fourth quarter. Levin Capital Strategies L.P. now owns 5,000 shares of the conglomerate’s stock valued at $1,129,000 after buying an additional 2,000 shares during the period. Capital Wealth Planning LLC boosted its holdings in Honeywell International by 14.0% during the fourth quarter. Capital Wealth Planning LLC now owns 2,526,311 shares of the conglomerate’s stock worth $570,668,000 after buying an additional 309,316 shares during the last quarter. Finally, Metis Global Partners LLC grew its position in shares of Honeywell International by 6.9% during the 4th quarter. Metis Global Partners LLC now owns 28,460 shares of the conglomerate’s stock worth $6,429,000 after buying an additional 1,844 shares during the period. 75.91% of the stock is owned by institutional investors.

Honeywell International Trading Up 0.3 %

NASDAQ:HON opened at $212.89 on Friday. 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 Inc. has a twelve month low of $189.75 and a twelve month high of $242.77. The company has a market cap of $138.36 billion, a P/E ratio of 24.44, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. The business has a 50 day moving average price of $218.57 and a two-hundred day moving average price of $215.85.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 14.82% and a return on equity of 35.78%. As a group, analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 annualized dividend and a yield of 2.12%. Honeywell International’s payout ratio is presently 51.89%.

Insider Activity at Honeywell International

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This represents a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HON. The Goldman Sachs Group increased their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Wells Fargo & Company cut their target price 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. UBS Group reissued a “buy” rating and issued a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Finally, Royal Bank of Canada decreased their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research note on Friday, February 7th. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Honeywell International has an average rating of “Moderate Buy” and an average target price of $248.71.

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.