Cherry Tree Wealth Management LLC Has $58,000 Stake in Honeywell International Inc. (NASDAQ:HON)

Cherry Tree Wealth Management LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 259.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 277 shares of the conglomerate’s stock after acquiring an additional 200 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Honeywell International were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in shares of Honeywell International during the 4th quarter valued at $31,000. Cordant Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of Honeywell International in the fourth quarter valued at approximately $37,000. TFO Wealth Partners LLC boosted its position in Honeywell International by 105.6% during the 3rd quarter. TFO Wealth Partners LLC now owns 222 shares of the conglomerate’s stock worth $41,000 after buying an additional 114 shares during the period. Finally, Wetzel Investment Advisors Inc. bought a new stake in Honeywell International during the 4th quarter worth approximately $48,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Stock Performance

Shares of HON stock traded up $1.85 during trading on Tuesday, hitting $196.85. The company’s stock had a trading volume of 1,951,773 shares, compared to its average volume of 3,013,874. The business has a fifty day moving average of $197.55 and a 200-day moving average of $196.94. The company has a market cap of $128.19 billion, a PE ratio of 22.81, a P/E/G ratio of 2.26 and a beta of 1.02. Honeywell International Inc. has a 52 week low of $174.88 and a 52 week high of $210.87. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings results on Thursday, April 25th. The conglomerate reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.17 by $0.08. The company had revenue of $9.11 billion during the quarter, compared to analyst estimates of $9.03 billion. Honeywell International had a net margin of 15.52% and a return on equity of 35.88%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.07 earnings per share. As a group, research analysts anticipate that Honeywell International Inc. will post 9.94 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a dividend of $1.08 per share. The ex-dividend date is Thursday, May 16th. This represents a $4.32 dividend on an annualized basis and a yield of 2.19%. Honeywell International’s dividend payout ratio is presently 50.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HON shares. Barclays raised their price objective on Honeywell International from $230.00 to $232.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. StockNews.com cut shares of Honeywell International from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Royal Bank of Canada decreased their price target on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Berenberg Bank raised Honeywell International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $195.00 to $240.00 in a research note on Wednesday, March 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $215.00 target price (down previously from $227.00) on shares of Honeywell International in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus target price of $215.71.

Insider Activity

In other Honeywell International news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $193.06, for a total transaction of $4,866,849.54. Following the sale, the chief financial officer now owns 55,471 shares in the company, valued at $10,709,231.26. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Gregory P. Lewis sold 25,209 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $193.06, for a total value of $4,866,849.54. Following the sale, the chief financial officer now directly owns 55,471 shares of the company’s stock, valued at $10,709,231.26. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Darius Adamczyk sold 25,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $197.19, for a total transaction of $5,028,345.00. Following the transaction, the director now directly owns 183,400 shares of the company’s stock, valued at approximately $36,164,646. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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.