Midland Wealth Advisors LLC Has $1.39 Million Position in Honeywell International Inc. (NASDAQ:HON)

Midland Wealth Advisors LLC decreased its holdings in shares of Honeywell International Inc. (NASDAQ:HON) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,144 shares of the conglomerate’s stock after selling 152 shares during the period. Midland Wealth Advisors LLC’s holdings in Honeywell International were worth $1,388,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Mainstream Capital Management LLC acquired a new stake in shares of Honeywell International in the 4th quarter worth about $25,000. Teachers Insurance & Annuity Association of America purchased a new stake in shares of Honeywell International in the third quarter worth approximately $25,000. Hoese & Co LLP bought a new position in shares of Honeywell International in the fourth quarter valued at approximately $30,000. Financial Avengers Inc. boosted its position in shares of Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after buying an additional 50 shares during the last quarter. Finally, Planning Capital Management Corp grew its holdings in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after buying an additional 81 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the stock in a transaction dated 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 sale, the vice president now directly owns 41,580 shares of the company’s stock, valued at approximately $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 can be accessed through the SEC website. 0.41% of the stock is owned by company insiders.

Honeywell International Trading Up 1.5 %

Shares of HON opened at $214.52 on Monday. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The business has a 50-day moving average of $216.76 and a 200 day moving average of $216.39. The firm has a market cap of $139.42 billion, a P/E ratio of 24.63, a price-to-earnings-growth ratio of 2.51 and a beta of 1.08. 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 posted its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping the consensus estimate 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, research analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Friday, February 28th. Honeywell International’s payout ratio is currently 51.89%.

Analyst Ratings Changes

HON has been the topic of several recent analyst reports. Citigroup dropped their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft raised shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Wells Fargo & Company dropped 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 research report on Friday, February 7th. Finally, Barclays reduced their target price on Honeywell International from $260.00 to $251.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $249.38.

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.