Biltmore Wealth Management LLC Invests $543,000 in Honeywell International Inc. (HON)

Biltmore Wealth Management LLC bought a new position in shares of Honeywell International Inc. (NYSE:HON) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,416 shares of the conglomerate’s stock, valued at approximately $543,000. Honeywell International makes up 0.3% of Biltmore Wealth Management LLC’s investment portfolio, making the stock its 26th biggest position.

Several other large investors have also added to or reduced their stakes in HON. Capital Financial Planning LLC purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $26,000. Riverview Trust Co purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $31,000. Semmax Financial Advisors Inc. purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $33,000. Clarfeld Financial Advisors LLC purchased a new position in shares of Honeywell International in the 4th quarter worth approximately $36,000. Finally, CX Institutional purchased a new position in shares of Honeywell International in the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Shares of HON stock opened at $172.25 on Friday. Honeywell International Inc. has a 52-week low of $123.48 and a 52-week high of $172.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.01. The company has a market cap of $125.35 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10.

Honeywell International (NYSE:HON) last issued its quarterly earnings results on Thursday, April 18th. The conglomerate reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.83 by $0.09. Honeywell International had a return on equity of 32.46% and a net margin of 16.73%. The firm had revenue of $8.88 billion during the quarter, compared to analyst estimates of $8.63 billion. During the same period last year, the company earned $1.95 EPS. Honeywell International’s quarterly revenue was down 14.5% compared to the same quarter last year. Research analysts expect that Honeywell International Inc. will post 8.09 EPS for the current year.

A number of brokerages have recently commented on HON. Credit Suisse Group lifted their target price on Honeywell International from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday. Morgan Stanley lifted their target price on Honeywell International from $165.00 to $183.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Zacks Investment Research upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $182.00 target price for the company in a report on Monday, April 22nd. Deutsche Bank lifted their target price on Honeywell International from $174.00 to $187.00 and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, UBS Group reiterated a “top pick” rating on shares of Honeywell International in a report on Thursday, January 10th. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $175.20.

In other Honeywell International news, insider Timothy O. Mahoney sold 73,352 shares of Honeywell International stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $154.30, for a total transaction of $11,318,213.60. Following the completion of the sale, the insider now directly owns 305,505 shares of the company’s stock, valued at approximately $47,139,421.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Linnet F. Deily sold 4,234 shares of Honeywell International stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $148.75, for a total value of $629,807.50. Following the sale, the director now directly owns 11,369 shares of the company’s stock, valued at $1,691,138.75. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by company insiders.

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Honeywell International Company Profile

Honeywell International Inc operates as a diversified technology and manufacturing company worldwide. Its Aerospace segment supplies products, software, and services for aircrafts and vehicles. This 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 connected solutions and data services for the aftermarket, as well as provides wireless connectivity and management and technical services.

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Institutional Ownership by Quarter for Honeywell International (NYSE:HON)

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