Bernard Wealth Management Corp. Acquires New Stake in Honeywell International Inc. (NASDAQ:HON)

Bernard Wealth Management Corp. bought a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,888 shares of the conglomerate’s stock, valued at approximately $1,104,000. Honeywell International makes up approximately 0.8% of Bernard Wealth Management Corp.’s investment portfolio, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Honeywell International by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 61,761,711 shares of the conglomerate’s stock worth $13,951,353,000 after purchasing an additional 380,299 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Honeywell International by 4.4% in the fourth 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. Bank of New York Mellon Corp increased its holdings in shares of Honeywell International by 10.3% in the fourth quarter. Bank of New York Mellon Corp now owns 6,763,764 shares of the conglomerate’s stock valued at $1,527,867,000 after buying an additional 631,761 shares in the last quarter. Invesco Ltd. lifted its position in shares of Honeywell International by 5.2% during the 4th quarter. Invesco Ltd. now owns 5,285,417 shares of the conglomerate’s stock valued at $1,193,923,000 after acquiring an additional 263,188 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Honeywell International by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,901,124 shares of the conglomerate’s stock worth $881,225,000 after acquiring an additional 116,925 shares in the last quarter. 75.91% of the stock is owned by institutional investors.

Honeywell International Stock Performance

Shares of HON stock opened at $187.46 on Tuesday. The firm has a market cap of $121.83 billion, a P/E ratio of 21.52, a PEG ratio of 2.51 and a beta of 1.01. 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 fifty-two week low of $183.39 and a fifty-two week high of $242.77. The stock’s 50-day moving average is $210.86 and its two-hundred day moving average is $217.10.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings data on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, beating 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%. Analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

Analysts Set New Price Targets

HON has been the subject of several analyst reports. Barclays reduced their target price on Honeywell International from $251.00 to $247.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Royal Bank of Canada reduced their price objective on shares of 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. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and upped their price target for the company from $236.00 to $260.00 in a research report on Friday, February 7th. Finally, Citigroup lowered their price objective on shares of 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $249.08.

Insider Buying and Selling at Honeywell International

In other Honeywell International news, VP Anne T. Madden sold 28,885 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

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.