BlackDiamond Wealth Management LLC Grows Position in Honeywell International Inc. (NASDAQ:HON)

BlackDiamond Wealth Management LLC boosted its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 9.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,238 shares of the conglomerate’s stock after acquiring an additional 112 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Honeywell International were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of HON. Raymond James Financial Inc. purchased a new stake in shares of Honeywell International in the 4th quarter valued at $435,786,000. ING Groep NV boosted its holdings in shares of Honeywell International by 884.0% in the 4th quarter. ING Groep NV now owns 1,752,472 shares of the conglomerate’s stock valued at $395,866,000 after acquiring an additional 1,574,376 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Honeywell International by 8.4% in the 3rd quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock valued at $3,684,957,000 after purchasing an additional 1,376,479 shares during the period. Cibc World Markets Corp lifted its stake in shares of Honeywell International by 411.8% in the 4th quarter. Cibc World Markets Corp now owns 1,265,358 shares of the conglomerate’s stock valued at $285,832,000 after purchasing an additional 1,018,099 shares during the period. Finally, Cibc World Market Inc. lifted its stake in shares of Honeywell International by 320.5% in the 4th quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock valued at $193,890,000 after purchasing an additional 654,207 shares during the period. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 0.5 %

Shares of HON opened at $210.42 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.01 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $136.76 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.51 and a beta of 1.08. The firm has a 50-day moving average price of $214.82 and a 200 day moving average price of $216.60. Honeywell International Inc. has a 12-month low of $189.75 and a 12-month high of $242.77.

Honeywell International (NASDAQ:HON) last announced its earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that Honeywell International Inc. will post 10.34 EPS for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, February 28th. Honeywell International’s payout ratio is 51.89%.

Insider Activity

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s 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 completion of the transaction, the vice president now owns 41,580 shares of the company’s stock, valued at approximately $8,644,066.20. This trade represents a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.41% of the company’s stock.

Analysts Set New Price Targets

HON has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley boosted their target price on shares of Honeywell International from $210.00 to $217.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 11th. Wells Fargo & Company decreased their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft upgraded shares of Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $236.00 to $260.00 in a research note on Friday, February 7th. Finally, Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Honeywell International has a consensus rating of “Hold” and a consensus target price of $249.38.

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.