Northcape Wealth Management LLC Buys 1,183 Shares of Honeywell International Inc. (NASDAQ:HON)

Northcape Wealth Management LLC increased its stake in Honeywell International Inc. (NASDAQ:HON) by 12.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,599 shares of the conglomerate’s stock after buying an additional 1,183 shares during the period. Northcape Wealth Management LLC’s holdings in Honeywell International were worth $2,394,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HON. Howard Capital Management Group LLC boosted its position 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 worth $571,000 after purchasing an additional 174 shares in the last quarter. Vest Financial LLC boosted its stake in Honeywell International by 151.2% in the 3rd quarter. Vest Financial LLC now owns 5,624 shares of the conglomerate’s stock worth $1,163,000 after purchasing an additional 3,385 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Honeywell International by 33.2% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 268,637 shares of the conglomerate’s stock valued at $55,530,000 after purchasing an additional 66,887 shares during the last quarter. Trilogy Capital Inc. grew its position in Honeywell International by 2.1% during the 3rd quarter. Trilogy Capital Inc. now owns 2,550 shares of the conglomerate’s stock valued at $527,000 after purchasing an additional 52 shares during the last quarter. Finally, Jade Capital Advisors LLC purchased a new position in Honeywell International in the third quarter worth about $1,034,000. Institutional investors own 75.91% of the company’s stock.

Honeywell International Trading Up 2.6 %

Shares of Honeywell International stock opened at $208.04 on Wednesday. Honeywell International Inc. has a 1-year low of $189.75 and a 1-year high of $242.77. The company’s fifty day simple moving average is $221.43 and its 200-day simple moving average is $215.23. 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 $135.28 billion, a PE ratio of 23.89, a P/E/G ratio of 2.55 and a beta of 1.05.

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 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%. As a group, equities analysts anticipate that Honeywell International Inc. will post 10.3 earnings per share for the current year.

Honeywell International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, February 28th. Honeywell International’s dividend payout ratio is currently 51.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HON shares. The Goldman Sachs Group raised their price target on shares of Honeywell International from $227.00 to $256.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Bank of America lifted their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Royal Bank of Canada lowered their price target 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 lifted 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. Finally, Wells Fargo & Company lowered their target price on shares of Honeywell International from $240.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Friday, February 7th. Ten research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Honeywell International has a consensus rating of “Moderate Buy” and an average price target of $248.71.

Insiders Place Their Bets

In other news, VP Anne T. Madden sold 28,885 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $207.89, for a total transaction of $6,004,902.65. Following the sale, the vice president now directly owns 41,580 shares in the company, valued at $8,644,066.20. This trade represents a 40.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.

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.