WealthPLAN Partners LLC Purchases Shares of 939 Honeywell International Inc. (NASDAQ:HON)

WealthPLAN Partners LLC purchased a new stake in Honeywell International Inc. (NASDAQ:HON) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 939 shares of the conglomerate’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of HON. Wellington Management Group LLP lifted its position in shares of Honeywell International by 8.4% in the third quarter. Wellington Management Group LLP now owns 17,826,700 shares of the conglomerate’s stock worth $3,684,957,000 after purchasing an additional 1,376,479 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Honeywell International by 24,683.3% in the third quarter. International Assets Investment Management LLC now owns 948,704 shares of the conglomerate’s stock worth $1,961,070,000 after purchasing an additional 944,876 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of Honeywell International by 320.5% in the fourth quarter. Cibc World Market Inc. now owns 858,336 shares of the conglomerate’s stock worth $193,890,000 after purchasing an additional 654,207 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of Honeywell International by 1,147.0% in the third quarter. Mizuho Securities USA LLC now owns 626,071 shares of the conglomerate’s stock worth $129,415,000 after purchasing an additional 575,865 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Honeywell International by 4.0% in the third quarter. Geode Capital Management LLC now owns 14,360,730 shares of the conglomerate’s stock worth $2,959,535,000 after purchasing an additional 547,998 shares in the last quarter. 75.91% of the stock is owned by institutional investors and hedge funds.

Honeywell International Trading Down 1.2 %

NASDAQ:HON opened at $202.75 on Friday. Honeywell International Inc. has a fifty-two week low of $189.75 and a fifty-two week high of $242.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.12. The stock has a market capitalization of $131.84 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 2.55 and a beta of 1.05. The business’s 50-day simple moving average is $222.30 and its 200-day simple moving average is $215.05.

Honeywell International (NASDAQ:HON) last released its earnings results on Thursday, February 6th. The conglomerate reported $2.47 EPS for the quarter, beating the consensus estimate of $2.37 by $0.10. Honeywell International had a return on equity of 35.78% and a net margin of 14.82%. Sell-side analysts expect that Honeywell International Inc. will post 10.3 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.23%. Honeywell International’s dividend payout ratio is currently 51.89%.

Insider Transactions at Honeywell International

In related news, VP Anne T. Madden sold 28,885 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the transaction, the vice president now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HON. Royal Bank of Canada dropped their price objective on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating on the stock in a report on Friday, February 7th. Morgan Stanley increased their price objective on Honeywell International from $210.00 to $217.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 11th. JPMorgan Chase & Co. dropped 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. Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Finally, UBS Group restated a “buy” rating and issued a $298.00 price objective (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $248.71.

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.