May Hill Capital LLC Invests $355,000 in Honeywell International Inc. (NASDAQ:HON)

May Hill Capital LLC acquired a new position in Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,573 shares of the conglomerate’s stock, valued at approximately $355,000.

A number of other large investors have also recently modified their holdings of HON. Lokken Investment Group LLC raised its holdings in Honeywell International by 3.7% during the 4th quarter. Lokken Investment Group LLC now owns 5,948 shares of the conglomerate’s stock valued at $1,344,000 after buying an additional 213 shares during the last quarter. PFC Capital Group Inc. lifted its holdings in shares of Honeywell International by 6.5% during the fourth quarter. PFC Capital Group Inc. now owns 3,119 shares of the conglomerate’s stock valued at $704,000 after purchasing an additional 190 shares during the last quarter. Geode Capital Management LLC increased its position in Honeywell International by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 14,988,152 shares of the conglomerate’s stock valued at $3,379,568,000 after buying an additional 627,422 shares in the last quarter. Tradewinds LLC. boosted its stake in Honeywell International by 8.2% in the 4th quarter. Tradewinds LLC. now owns 30,067 shares of the conglomerate’s stock worth $6,254,000 after purchasing an additional 2,279 shares in the last quarter. Finally, Paragon Associates & Paragon Associates II Joint Venture purchased a new stake in Honeywell International during the 4th quarter valued at $1,694,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Stock Performance

NASDAQ:HON opened at $211.75 on Tuesday. The firm has a market cap of $137.62 billion, a price-to-earnings ratio of 24.31, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. The firm’s fifty day moving average price is $212.99 and its 200 day moving average price is $217.12. 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 Inc. has a 1-year low of $189.75 and a 1-year high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts expect that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

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

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were 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 directly owns 41,580 shares of the company’s stock, valued at $8,644,066.20. This represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.41% of the stock is owned by insiders.

Analyst Ratings Changes

HON has been the subject of several research analyst reports. Barclays cut their price objective on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Morgan Stanley lifted their target price on Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and raised their price objective for the company from $236.00 to $260.00 in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Citigroup cut their target price on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Ten research 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 stock. According to MarketBeat, Honeywell International presently has an average rating of “Hold” and a consensus target price of $249.08.

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.