Honeywell International Inc. (NASDAQ:HON) Position Raised by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC lifted its position in shares of Honeywell International Inc. (NASDAQ:HON) by 16.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,449 shares of the conglomerate’s stock after acquiring an additional 479 shares during the period. Prestige Wealth Management Group LLC’s holdings in Honeywell International were worth $779,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Teachers Insurance & Annuity Association of America acquired a new position in shares of Honeywell International during the third quarter worth approximately $25,000. Mainstream Capital Management LLC acquired a new position in shares of Honeywell International during the fourth quarter valued at $25,000. Avalon Trust Co raised its stake in shares of Honeywell International by 166.7% during the fourth quarter. Avalon Trust Co now owns 120 shares of the conglomerate’s stock valued at $27,000 after purchasing an additional 75 shares in the last quarter. Hoese & Co LLP acquired a new stake in Honeywell International in the fourth quarter worth about $30,000. Finally, Financial Avengers Inc. raised its holdings in Honeywell International by 48.1% during the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors.

Honeywell International Price Performance

Shares of HON stock opened at $211.85 on Tuesday. The stock’s fifty day simple moving average is $213.88 and its 200 day simple moving average is $216.75. Honeywell International Inc. has a one year low of $189.75 and a one year high of $242.77. The firm has a market cap of $137.69 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 2.51 and a beta of 1.08. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.31 and a quick ratio of 1.01.

Honeywell International (NASDAQ:HON) last posted its quarterly earnings data 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%. On average, analysts expect that Honeywell International Inc. will post 10.34 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating for the company in a research report on Friday, February 7th. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Royal Bank of Canada reduced their target price on Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a report on Friday, February 7th. Morgan Stanley lifted 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. Finally, Citigroup cut their price objective on Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a report on Monday, January 13th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Honeywell International currently has an average rating of “Hold” and a consensus price target of $249.38.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the business’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 directly owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.41% of the company’s stock.

About Honeywell International

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.