Navellier & Associates Inc. Has $792,000 Position in Honeywell International Inc. (NASDAQ:HON)

Navellier & Associates Inc. increased its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,505 shares of the conglomerate’s stock after buying an additional 620 shares during the quarter. Navellier & Associates Inc.’s holdings in Honeywell International were worth $792,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HON. Howard Capital Management Group LLC boosted its holdings in shares of Honeywell International by 6.7% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,760 shares of the conglomerate’s stock valued at $571,000 after purchasing an additional 174 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Honeywell International by 1.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 18,892 shares of the conglomerate’s stock valued at $3,905,000 after purchasing an additional 232 shares in the last quarter. Mediolanum International Funds Ltd boosted its holdings in shares of Honeywell International by 4.9% in the 3rd quarter. Mediolanum International Funds Ltd now owns 49,211 shares of the conglomerate’s stock valued at $10,201,000 after purchasing an additional 2,283 shares in the last quarter. Capital Management Associates Inc acquired a new stake in shares of Honeywell International in the 3rd quarter valued at $220,000. Finally, Elwood & Goetz Wealth Advisory Group LLC acquired a new stake in shares of Honeywell International in the 3rd quarter valued at $217,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Price Performance

HON stock opened at $211.94 on Friday. The company has a market capitalization of $137.74 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 2.51 and a beta of 1.05. 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 Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The business has a 50-day simple moving average of $220.43 and a two-hundred day simple moving average of $215.37.

Honeywell International (NASDAQ:HON) last released its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Research analysts expect that Honeywell International Inc. will post 10.34 EPS for the current fiscal year.

Honeywell International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.13 dividend. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.13%. Honeywell International’s payout ratio is presently 51.89%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HON shares. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a report on Monday, December 23rd. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price objective on the stock in a report on Wednesday, December 11th. Barclays cut their price objective on Honeywell International from $260.00 to $251.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Bank of America raised their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. cut their price objective on Honeywell International from $233.00 to $231.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Ten investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $248.71.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of Honeywell International stock in a transaction that occurred on 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 owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.

Honeywell International 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.