Nwam LLC Buys 16,466 Shares of Honeywell International Inc. (NASDAQ:HON)

Nwam LLC grew its position in shares of Honeywell International Inc. (NASDAQ:HON) by 269.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 22,576 shares of the conglomerate’s stock after purchasing an additional 16,466 shares during the quarter. Nwam LLC’s holdings in Honeywell International were worth $5,100,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cable Hill Partners LLC bought a new stake in Honeywell International in the 4th quarter worth about $244,000. Heritage Investors Management Corp grew its holdings in shares of Honeywell International by 0.4% in the fourth quarter. Heritage Investors Management Corp now owns 61,635 shares of the conglomerate’s stock valued at $13,923,000 after acquiring an additional 225 shares in the last quarter. NewEdge Wealth LLC increased its position in shares of Honeywell International by 12.0% during the fourth quarter. NewEdge Wealth LLC now owns 20,353 shares of the conglomerate’s stock valued at $4,598,000 after acquiring an additional 2,182 shares during the last quarter. Magnolia Private Wealth LLC purchased a new position in Honeywell International in the fourth quarter worth $205,000. Finally, Checchi Capital Advisers LLC increased its position in shares of Honeywell International by 4.2% during the 4th quarter. Checchi Capital Advisers LLC now owns 8,664 shares of the conglomerate’s stock valued at $1,957,000 after purchasing an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.

Insiders Place Their Bets

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 value of $6,004,902.65. Following the completion of the sale, the vice president now owns 41,580 shares in the company, valued at $8,644,066.20. The trade was a 40.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on HON shares. Hsbc Global Res upgraded shares of Honeywell International to a “strong-buy” rating in a research report on Wednesday, December 11th. Citigroup decreased their price target on shares of Honeywell International from $268.00 to $266.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Royal Bank of Canada reduced their price objective 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. Bank of America boosted their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Finally, Wells Fargo & Company cut their price target on 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. Ten equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.71.

Honeywell International Stock Performance

NASDAQ:HON opened at $211.33 on Thursday. The stock has a market cap of $137.35 billion, a P/E ratio of 24.26, a PEG ratio of 2.51 and a beta of 1.05. 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 business’s 50-day moving average price is $219.17 and its two-hundred day moving average price is $215.63. Honeywell International Inc. has a twelve month low of $189.75 and a twelve 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 (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Honeywell International Inc. will post 10.34 EPS for the current fiscal 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 given a dividend of $1.13 per share. The ex-dividend date is Friday, February 28th. This represents a $4.52 dividend on an annualized basis and a yield of 2.14%. Honeywell International’s payout ratio is 51.89%.

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.