Honeywell International Inc. (NASDAQ:HON) Shares Acquired by CFO4Life Group LLC

CFO4Life Group LLC increased its holdings in Honeywell International Inc. (NASDAQ:HON) by 11.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,106 shares of the conglomerate’s stock after acquiring an additional 115 shares during the quarter. CFO4Life Group LLC’s holdings in Honeywell International were worth $250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Balboa Wealth Partners raised its stake in shares of Honeywell International by 25.0% during the 4th quarter. Balboa Wealth Partners now owns 1,604 shares of the conglomerate’s stock worth $362,000 after buying an additional 321 shares in the last quarter. Lazard Freres Gestion S.A.S. increased its stake in shares of Honeywell International by 1.2% during the 4th quarter. Lazard Freres Gestion S.A.S. now owns 238,738 shares of the conglomerate’s stock worth $53,928,000 after purchasing an additional 2,899 shares in the last quarter. HBK Sorce Advisory LLC raised its holdings in shares of Honeywell International by 3.7% in the fourth quarter. HBK Sorce Advisory LLC now owns 7,957 shares of the conglomerate’s stock worth $1,797,000 after acquiring an additional 287 shares during the last quarter. Mascoma Wealth Management LLC raised its stake in Honeywell International by 86.0% in the 4th quarter. Mascoma Wealth Management LLC now owns 372 shares of the conglomerate’s stock valued at $84,000 after purchasing an additional 172 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its stake in shares of Honeywell International by 1,926.3% during the fourth quarter. Rakuten Securities Inc. now owns 385 shares of the conglomerate’s stock valued at $87,000 after buying an additional 366 shares during the period. 75.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HON has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Honeywell International from a “hold” rating to a “buy” rating and increased their target price for the stock from $236.00 to $260.00 in a research report on Friday, February 7th. Hsbc Global Res raised shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their price objective on shares of Honeywell International from $253.00 to $236.00 and set a “sector perform” rating for the company in a research report on Friday, February 7th. 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. Finally, Bank of America increased their price objective on shares of Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Honeywell International has an average rating of “Hold” and a consensus price target of $249.38.

Honeywell International Trading Up 0.2 %

Honeywell International stock opened at $206.69 on Friday. Honeywell International Inc. has a 52-week low of $189.75 and a 52-week high of $242.77. The company has a quick ratio of 1.01, a current ratio of 1.31 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $134.33 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 2.51 and a beta of 1.08. The firm has a 50-day moving average price of $215.39 and a two-hundred day moving average price of $216.39.

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

Honeywell International Announces Dividend

The company 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 $1.13 dividend. This represents a $4.52 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Friday, February 28th. Honeywell International’s dividend payout ratio is presently 51.89%.

Insiders Place Their Bets

In other Honeywell International 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 transaction, the vice president now owns 41,580 shares in the company, valued at approximately $8,644,066.20. The trade was a 40.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.41% of the stock is owned by company insiders.

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.