National Wealth Management Group LLC Takes Position in Honeywell International Inc. $HON

National Wealth Management Group LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HONFree Report) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,133 shares of the conglomerate’s stock, valued at approximately $611,000.

Several other hedge funds and other institutional investors have also bought and sold shares of HON. Holos Integrated Wealth LLC bought a new stake in Honeywell International in the fourth quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC boosted its position in shares of Honeywell International by 491.7% during the third quarter. Barnes Dennig Private Wealth Management LLC now owns 142 shares of the conglomerate’s stock worth $30,000 after purchasing an additional 118 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Honeywell International during the third quarter worth $31,000. Howard Hughes Medical Institute acquired a new position in shares of Honeywell International in the 2nd quarter valued at $33,000. Finally, Cedar Mountain Advisors LLC grew its holdings in shares of Honeywell International by 116.7% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 156 shares of the conglomerate’s stock valued at $33,000 after buying an additional 84 shares during the period. Institutional investors own 75.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Mizuho dropped their price objective on Honeywell International from $250.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. JPMorgan Chase & Co. increased their price target on Honeywell International from $255.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Evercore raised their price target on Honeywell International from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 30th. Finally, Sanford C. Bernstein set a $255.00 price objective on Honeywell International in a report on Friday, January 16th. Twelve research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $251.65.

View Our Latest Stock Report on Honeywell International

Insider Buying and Selling

In other Honeywell International news, Director D Scott Davis sold 2,367 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $240.00, for a total value of $568,080.00. Following the sale, the director owned 31,081 shares in the company, valued at approximately $7,459,440. The trade was a 7.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Robert D. Mailloux sold 5,274 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $239.00, for a total value of $1,260,486.00. Following the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at approximately $1,147,917. This trade represents a 52.34% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 18,190 shares of company stock worth $4,244,287. 0.20% of the stock is owned by insiders.

Honeywell International News Summary

Here are the key news stories impacting Honeywell International this week:

Honeywell International Trading Up 1.9%

HON opened at $225.79 on Thursday. The stock has a market capitalization of $143.53 billion, a P/E ratio of 28.26, a P/E/G ratio of 3.21 and a beta of 0.92. The company has a current ratio of 1.30, a quick ratio of 1.03 and a debt-to-equity ratio of 1.81. Honeywell International Inc. has a 12 month low of $169.21 and a 12 month high of $248.18. The firm’s fifty day simple moving average is $233.11 and its 200 day simple moving average is $212.85.

Honeywell International (NASDAQ:HONGet Free Report) last released its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.05. Honeywell International had a return on equity of 40.64% and a net margin of 12.74%.The firm had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. During the same quarter in the prior year, the company earned $2.47 EPS. The company’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a dividend of $1.19 per share. The ex-dividend date was Friday, February 27th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 2.1%. Honeywell International’s dividend payout ratio (DPR) is presently 59.57%.

Honeywell International Profile

(Free Report)

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

Further Reading

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

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